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10 February, 05:46

The Federal Reserve transfers profits from its twelve regional banks to

A> investment and commercial banks.

B>central banks in Europe and Asia.

C> the Department of Commerce.

D> the Department of the Treasury.

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Answers (2)
  1. 10 February, 06:34
    0
    The Federal Reserve transfers profits from its 12 regional Banks to the Department of Treasury. Option D is correct.

    The Federal Reserve is the Central Bank of the U. S. which boosts the economy in the country. In accordance to the law, the Federal Reserve is required to transfer its profits every year to the Department of Treasury of the United States. The Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States.

    Approximately 95% of the Federal Reserve income is produced by interest payments.
  2. 10 February, 07:37
    0
    D> the Department of the Treasury.
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Home » Social Studies » The Federal Reserve transfers profits from its twelve regional banks to A> investment and commercial banks. B>central banks in Europe and Asia. C> the Department of Commerce. D> the Department of the Treasury.
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