The independent regulatory commission that affects the money supply by setting the reserve requirements of member banks, establishing a discount rate for loans to member banks, and buying or selling government securities is called the

Question

The independent regulatory commission that affects the money supply by setting the reserve requirements of member banks, establishing a discount rate for loans to member banks, and buying or selling government securities is called the

Quizplus · Accepted Answer

The Federal Reserve Board is responsible for influencing the money supply and credit conditions in the economy by setting reserve requirements, establishing the discount rate, and conducting open market operations such as buying or selling government securities.

The Independent Regulatory Commission That Affects the Money Supply by Setting the Reserve