Question

At the very top sits a Board of Governors. This includes seven
governors who are appointed by the President and confirmed
by the Senate. Just below, rests a network of 12 banks and 24
branches.

The excerpt above describes the -

A) organization of the financial aid center

B) process used to pass new regulations

C)strategy to maintain a balance of trade

D)structure of the Federal Reserve
System

Answer 1

The excerpt above describes the structure of the Federal Reserve System.

What forms the Federal Reserve System?

The system has 3 key entities that includes the Board of Governors, the Federal Reserve Banks and Federal Open Market Committee.

Hence, the excerpt describing the network of 12 banks and 24 is about the structure of the Federal Reserve System.

Therefore, the Option D is correct.

Read more about Federal Reserve System

brainly.com/question/7798250

#SPJ1