A friend overhears your conversation with another friend, who is discussing his new job with "the Fed." What does the term Fed stand for?
A) Federal Education System
B) Federal Monetary System
C) Federal Reserve Board
D) U.S. Congress
E) The executive branch of the U.S. government

Question

Quizplus · Accepted Answer

Fed stands for Federal Reserve Board, the central banking system of the United States.

A Friend Overhears Your Conversation with Another Friend, Who Is