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

Which of the following definitions best describes the instance 'Federal Reserve System as member bearing organization'?

A. central banking system as an organization that has members that are people or other organizations
B. OTS, which is a part of the OCC, responsible for chartering, regulating, and supervising all federal savings associations
C. American Bankers Association (ABA) Registration Authority (RA), which is a function of the ABA for registration of issuer identification numbers in the US
D. the instance, whose jurisdiction is the Seventh District of the Federal Reserve

Answer: central banking system as an organization that has members that are people or other organizations