Monetary policy is _____
A) controlled by the president, who appoints the members of the Board of Governors.
B) controlled by the president, who appoints the members of the Open Market Committee.
C) insulated from politics since the term of only two members of the Board of Governors expires during the tenure of any modern president of the United States.
D) insulated from politics because the Federal Reserve Board is the bankers' bank.
E) controlled by the Department of Finance of the United States.

Question

Quizplus · Accepted Answer

The term of members of the Board of Governors is 14 years, and since only two members' terms expire during the tenure of any modern president, monetary policy is insulated from politics.

Monetary Policy Is _____