Which of the following statements is incorrect?
A) The Federal Reserve Open Market Committee determines fiscal policy actions for the Congress.
B) The Board of Governors of the Federal Reserve is appointed, not elected.
C) The Federal Reserve System was designed to be independent of the executive branch of the government.
D) The chairman of the Board of Governors serves a four-year term.
E) The Federal Reserve districts are distributed geographically to serve the particular interests of each region.
Correct Answer:
Verified
Q2: Which of the following is a function
Q3: The President of which of the following
Q4: Which of following policies of the Congress
Q5: Each district bank of the Fed comprises
Q6: If M = quantity of money, V
Q8: Which of the following government agencies oversees
Q9: According to the equation of exchange, if
Q10: The Federal Open Market Committee consists of:
A)the
Q11: Identify the correct statement.
A)District banks of the
Q12: Which of the following is an intermediate
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