SIE Knowledge of Capital Markets Practice Question 17

Correct Answer: A

Explanation:

A: Choice A is correct. The Board of Governors and the Federal Reserve Board are both names for the same board, which supervises the system. Choices B and C are incorrect because the system has twelve regional banks and twenty-four branch banks. Choice D is incorrect because, though they do receive dividends from stock they hold in Reserve banks, they may not sell or trade that stock.