I read this on Wikipedia.. The Federal Reserve System is a part of government that regulates the private banks

And I am stuck at this question.

The Federal Reserve System
c. regulates only national banks.
e. None of these answers is correct.

If you mean "regulate" as in supervisory, False.

The FDIC does do some regulations, but it is not a part of the Federal Reserve System.

To determine the correct answer to this question, we can break down the statement and evaluate each option:

Statement: The Federal Reserve System is a part of the government that regulates private banks.

Option C: Regulates only national banks.

Option E: None of these answers is correct.

Let's analyze these options:

Option C states that the Federal Reserve System only regulates national banks. However, this is an oversimplification and not entirely accurate. The Federal Reserve System regulates a wide range of banks, including both national banks and state-chartered banks. Therefore, option C is incorrect.

Option E states that none of the answers is correct. This option suggests that the statement provided in the question is incorrect. However, according to the statement you provided, the Federal Reserve System does regulate private banks. Thus, option E is also incorrect.

Since neither option C nor option E is correct, the correct answer must be one of the other available options. Unfortunately, the other options are not provided in the question. Therefore, without additional information, it is impossible to determine the correct answer.

To find the correct answer, you could review your study materials, textbooks, or consult reliable sources such as government websites or financial publications. It's important to ensure that you have access to accurate and up-to-date information to obtain the correct answer.