Question: Why was the Federal Reserve System split into 12 districts? Please explain which body is more important within the Federal Reserve System, the Board of

Why was the Federal Reserve System split into 12 districts?

Please explain which body is more important within the Federal Reserve System, the Board of Governors or the Federal Open Market Committee.

What changes did the Dodd-Frank Act make to the Fed?

500 words, please kindly,!

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