Within the structure of the Federal Reserve System, each of the following is a depository institution EXCEPT:
Answer: C. money markets
What are the 3 parts of the Federal Reserve System structure?
There are three key entities in the Federal Reserve System: the Board of Governors, the Federal Reserve Banks (Reserve Banks), and the Federal Open Market Committee (FOMC).
What are depository institution reserves?
Depository institutions normally keep a certain level of vault cash on hand to meet the operating needs of their offices and branches. Required reserves above the amount of vault cash are met by holding reserve balances with Federal Reserve Banks.
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