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JosefinaDanley124
15

The Federal Reserve a. is made up of 12 district banks and 25 branch banks. b. is made up of district banks that operate independently from one another. c. is managed by a 52-member board of directors. d. was established in 1930s.

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peachesbrm

The answer is A. Is made up of 12 district banks and 25 branch banks - It was established in 1913, so option D. Is wrong - It is made up by district banks but each banks DOES NOT operate independently, so option B. is wrong - It has 12 member board of directors, so option C. is wrong

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