Which of the following provides evidence that the Federal Reserve System is politically insulated?
A) The Fed governors are appointed by the president of the United States.
B) The Fed governors are appointed for 14-year terms and cannot be reappointed.
C) The Board of Governors is located in Washington,D.C.
D) The Fed acts as a clearinghouse between commercial banks.
Correct Answer:
Verified
Q4: Monetary policy is set by the
A)Federal Open
Q5: Which of the following services is performed
Q6: Members of the Board of Governors are
A)Elected
Q7: The Federal Reserve holds deposits from
A)Consumers.
B)Banks.
C)The U.S.Treasury.
D)Large
Q8: The creation of a Federal Reserve System
Q10: The government uses _ to regulate the
Q11: Which of the following services is performed
Q12: Which of the following serves as the
Q13: Suppose Brian receives a check for $100
Q14: Regional Fed banks
A)Hold deposits for individuals.
B)Clear checks
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents