Which statement best characterizes the structure of the Federal Reserve?

Question

Quizplus · Accepted Answer

The Federal Reserve, often referred to as the Fed, is a semi-private, semi-public institution that plays a central role in overseeing and implementing the United States' monetary policy. It operates independently within the government framework, with its decisions not requiring approval from the President or Congress, though its setup is defined by Congress.

Which Statement Best Characterizes the Structure of the Federal Reserve