The board of governors of the Federal Reserve has three primary responsibilities, which are

Question

Quizplus · Accepted Answer

The board of governors of the Federal Reserve is primarily responsible for the operations of the Federal Reserve, regulating commercial banks, and formulating monetary policy. Fiscal policy is managed by the government (Congress and the President), not the Federal Reserve. The gold standard is no longer a mechanism used by the Federal Reserve, and the oversight of the printing of money is more directly a function of the Treasury Department, although the Federal Reserve does play a role in the broader monetary supply.

The Board of Governors of the Federal Reserve Has Three