Question

True/False: Each federal reserve district is supposed to represent a unique economic interest.

True/False: Each federal reserve district is supposed to represent a unique economic interest.

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Answer #1

False, there is NO unique economic interest represented by different districts of federal reserve. They are all made by central bank according to the region they are located in. They can have a unique economic interests according to the economic conditions of that reason. But overall they all work as one and the overall goals are also same which are decided for the whole economy all together.

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