Which of the following is considered to be an independent agency that determines and executes the general monetary and credit and serves as the government's central bank?

Question

Quizplus · Accepted Answer

The Federal Reserve Board, often referred to as the Federal Reserve or simply "the Fed," is the central banking system of the United States. It is an independent agency that has the authority to determine and implement the country's monetary policy, including managing interest rates and regulating the money supply. It also serves as a central bank for the U.S. government, providing financial services such as managing the country's currency and operating as a lender of last resort to the banking sector during times of financial crisis.

Which of the Following Is Considered to Be an Independent