7
QuizMultiple Choice

Banking — Quiz

Question 7 • Economics

The Federal Reserve transfers profits from its twelve regional banks to

Answer
A
the Department of the Treasury.
B
central banks in Europe and Asia.
C
investment and commercial banks.
D
the Department of Commerce.

Explanation

After covering its operating costs and required expenses, the Federal Reserve sends its remaining profits to the U.S. Department of the Treasury. The Treasury is the federal government’s main account, so these payments become government revenue. The correct choice is the Department of the Treasury.

AI-written and checked against the verified answer.

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