Which of the following most accurately describes the status ofthe U.S. Federal R

Which of the following most accurately describes the status ofthe U.S. Federal Reserve System?A)It is a publicly owned and managed agency of the federalgovernmentB)It is privately owned but publicly managedC)It is owned by a group of large private banks and managed fortheir profitD)It is a publicly owned agency of the federal government managedfor profit by private banks