The Federal Reserve Bank operates
A) as a semi-private organization not under the direct control of the government.
B) under the direct control of the executive branch of the government.
C) under the direction of the Banking Oversight Committee of Congress.
D) as a special agency of the U.S. Treasury.

Question

Quizplus · Accepted Answer

The Federal Reserve Bank is considered as a semi-private organization because while it is created by the government, it operates independently and is not directly controlled by the government or any other entity. It is owned by member banks, but it also operates as the central bank of the United States.

The Federal Reserve Bank Operates