Which is NOT true of the Federal Reserve System?
A) It maintains the bank account of the U.S.Treasury.
B) It carries out policies passed by the federal government.
C) It regulates the nation's money supply.
D) It serves as the banker's bank.

Question

Quizplus · Accepted Answer

The Federal Reserve System is independent of the federal government and operates with a degree of autonomy. While it works in conjunction with the government and carries out policies related to monetary policy, it is not controlled by the federal government.

Which Is NOT True of the Federal Reserve System