PU-MET : Panjab University MBA Entrance Exam with MCQ Answers 2013

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95.

What is not true about Federal Reserve System?

PGREF-671
A: It is not 'owned' by anyone
B: It is 'not a private, profit-making institution'
C: It is an independent entity within the government , having both public purposes and private aspects.
D: It is owned and controlled by the Government

The answer is: D

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