Which of the following institutions is responsible for supervising the banking system of the United States?
A) The Federal Reserve System
B) The Open Market Committee
C) The U.S. Treasury
D) The Federal Deposit Insurance Corporation

Question

Quizplus · Accepted Answer

The Federal Reserve System is responsible for supervising the banking system of the United States. The Open Market Committee is a subcommittee of the Federal Reserve System and is not responsible for supervising the banking system. The U.S. Treasury is responsible for managing government revenue and expenses, not banking supervision. The Federal Deposit Insurance Corporation insures deposits in banks but does not supervise the banking system.

Which of the Following Institutions Is Responsible for Supervising the Banking