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The Fed's Structure
1.
Explaining Why do bankers need a central bank?
2.
Identifying As you read, complete the chart on the
structure of the Fed. Part of the chart has been completed
for you.
Structure of the Fed
Board of Governors
Description
The top of the Fed's structure; consists
of seven board members nominated by
the president and confirmed by the
Senate. Members serve for 14 years.
Why do bankers need a central bank?



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