Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'Federal Reserve System member'?

A. co-owner, member, and agent of a partnership whose participation level, including proportional liabilities and share in the profit / loss of the business is specified in a partnership agreement
B. corporation chartered by a state to engage in international banking, so named because the corporation enters into an 'agreement' with the Fed's Board of Governors that it will limit its activities to those permitted
C. financial institution that is a member of the Federal Reserve System (FRS)
D. corporation chartered by the Federal Reserve to engage in international banking and financial operations

Answer: financial institution that is a member of the Federal Reserve System (FRS)