The Federal Reserve System is controlled by the
A)U.S.Department of the Treasury.
B)House of Representatives and the Senate.
C)Board of Governors.
D)President of the United States.

Question

Quizplus · Accepted Answer

The Federal Reserve System is controlled by the Board of Governors, a seven-member group appointed by the President of the United States and confirmed by the Senate. Although the Federal Reserve is an independent agency, the Board of Governors is accountable to Congress and reports on its activities and policies regularly.

The Federal Reserve System Is Controlled by the