Why is the twelfth federal reserve district so, Ask an Expert

Economics

Why is the Twelfth Federal Reserve district so geographically? large, while the Second Federal Reserve district is so small by? comparison?

A. The districts represent the population and economic interests in 1913 when the Federal Reserve Act was created.

B. The size of the Second Federal Reserve district reflects its importance and special role in the Federal Reserve System.

C. The size of the district reflects its relative importance in the Federal Reserve? system: The smaller Second district is economically less important than the very large Twelfth district.

D. The larger size of the Twelfth Federal Reserve district is the result of lobbying by bankers and business people.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91834789

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