The Federal Reserve System
A) is influenced by the executive and legislative branches through the appointment process
B) is under the jurisdiction of the executive branch
C) is under the control of the private banks that own it
D) is directed in its actions by the U.S.Congress
E) answers only to the judicial branch
Correct Answer:
Verified
Q88: The Fed sometimes acts as a lender
Q89: Federal Reserve regulations apply
A) to all banks
Q90: The Federal Reserve can tightly control
A) cash
Q91: The Federal Reserve banks make loans to
Q92: Commercial banks that are members of the
Q94: The most powerful person at the Fed
Q95: What interest rate does the Fed charge
Q96: Which of the following is an open
Q97: The chairman of the Board of Governors
Q98: An important function of the Federal Reserve
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