Choose The Statement About The Fed That Is Incorrect.

(Correct Answer Below)

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Choose The Statement About The Fed That Is Incorrect.

A. There are 12 Federal Reserve banks and 12 Federal Reserve districts. B. The Board of Governors has seven_ members, who each serve a_ 14-year term. C. The policy decisions of the Federal Open Market Committee are implemented each month by a different Federal Reserve Bank. D. The main_ policy-making organ of the Federal Reserve System is the Federal Open Market Committee.
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C. The Federal Reserve Bank of New York occupies a special place in the Federal Reserve System because it implements the Fed's policy decisions in the financial markets
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