Asked by
David Rocco
on Oct 12, 2024Verified
The Board of Governors of the Federal Reserve is independent of
A) both the President and Congress.
B) neither the President nor Congress.
C) the President,but not Congress.
D) Congress,but not the President.
Board of Governors
The leading body of a central bank or other regulatory institution, responsible for overseeing its operations and making key decisions.
Federal Reserve
The central banking system of the United States, responsible for setting monetary policy, regulating banks, and ensuring financial system stability.
President
The elected head of a republican state or the chief executive officer of a corporation or institution.
- Comprehend the structure and purpose of the Federal Open Market Committee (FOMC) and the Board of Governors.
Verified Answer
KM
Learning Objectives
- Comprehend the structure and purpose of the Federal Open Market Committee (FOMC) and the Board of Governors.