The actual control of the Federal Reserve System resides in the
A)Congress of the United States.
B)member banks.
C)Senate Banking Committee.
D)Board of Governors.

Question

Quizplus · Accepted Answer

The Board of Governors is responsible for the actual control of the Federal Reserve System, while member banks have some input through their regional Federal Reserve banks, and Congress and the Senate Banking Committee have oversight responsibilities but do not directly control the system.

The Actual Control of the Federal Reserve System Resides in the