Task: Instance Description Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

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

A. Delaware Department of Corporations business entity identifier for the FDIC
B. membership situation, in which the Federal Reserve System has at least one member for some period of time
C. regulatory agency, registration authority, and oversight role of the State of California's Department of Business Oversight
D. regulatory agency role of the Federal Stability Oversight Council (FSOC)

Answer: membership situation, in which the Federal Reserve System has at least one member for some period of time