The ____ is directly responsible for setting reserve requirements.
A)Federal Advisory Council
B)FOMC
C)Board of Governors
D)President of the United States

Question

The ____ is directly responsible for setting reserve requirements. ​
A)Federal Advisory Council
B)FOMC
C)Board of Governors
D)President of the United States

Quizplus · Accepted Answer

The Board of Governors of the Federal Reserve System is directly responsible for setting reserve requirements, which are the amount of funds that a depository institution must hold in reserve against specified deposit liabilities.

The ____ Is Directly Responsible for Setting Reserve Requirements