Which of the following is NOT a major component of the Federal Reserve System?
A)member banks
B)Federal Open Market Committee
C)Securities and Exchange Commission
D)Board of Governors

Question

Quizplus · Accepted Answer

The Securities and Exchange Commission (SEC) is not a part of the Federal Reserve System. The SEC is an independent federal government agency responsible for regulating the securities industry, and enforcing federal securities laws. It is not involved in monetary policy or bank regulation, which are the responsibilities of the Federal Reserve System.

Which of the Following Is NOT a Major Component of the Federal