How many districts does the Federal Reserve System have?

The President first began submitting a budget to Congress in 1931, during the Great Depression

a. True b. False

The Federal Open Market Committee (FOMC) consists of: a. the Board of Governors and the Secretary of the Treasury

b. the presidents of the 12 Federal Reserve Banks. c. the Board of Governors and some of the Federal Reserve Bank presidents. d. the Comptroller of the Currency and seven Reserve Bank presidents. e. representatives from banks throughout the U.S.