asked 83.9k views
2 votes
(True or false.)

The federal reverse is federal. EXPLAIN ANSWER.​

2 Answers

3 votes

Answer:

true

Step-by-step explanation:

Because it say's "federal" in the name.

answered
User JohnEye
by
9.3k points
3 votes

Answer:

It is not federal.

Step-by-step explanation:

The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress. Their purpose is to serve the public. ... While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations.

answered
User Juanjo Vega
by
8.6k points

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