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Examveda

What is the full form of "FRB"?

A. Finance Reserve Bond

B. Fixed Rate Bank

C. Federal Reserve Board

D. Foreign Repo Board

Answer: Option C

Solution(By Examveda Team)

The Federal Reserve Board (FRB) oversees the activities of Reserve Banks, approving the appointments of their presidents and some members of their boards of directors. The Board sets reserve requirements for depository institutions and approves changes in discount rates recommended by Reserve Banks.

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