Finances: Fed ReserveAnswers 1Bids 36Other questions 10,Finances: Fed ReserveAnswers 1Bids 36Other questions 10

1. Why was the Federal Reserve System split into 12 districts? 2. Please explain which body is more important within the Federal Reserve System, the Board of Governors or the Federal Open Market Committee. 3. What changes did the Dodd-Frank Act make to the Fed?Add citations and references (450 minimum words)