1.B there can only be 7 board members
d. B ; The Fed decides the percentage of deposits that banks are required to hold as reserves. This came about after the Great Depression, when a "run on the banks" left many banks with no money left to give their investors
d. C:: The "Fed" is a government institution responsible for: overseeing the issue of currency, regulating bank activity, and
providing banking services to the nation's commercial banks.
