Question

1. the fed is _________.

a 12 regional banks around the country
b a legislative body of the government
c the main banking systm centralized in washington d.c.
d the main bank that prints all currency

Explanation:

The Federal Reserve (the Fed) consists of 12 regional Federal Reserve Banks across the U.S. Option b is incorrect as the Fed is not a legislative body. Option c is incorrect because the Fed isn't centralized in DC (it has regional banks). Option d is incorrect as the Bureau of Engraving and Printing prints currency, not the Fed. So the correct description is 12 regional banks around the country.

Answer:

a. 12 regional banks around the country