Which of the following provides evidence that the Federal Reserve System is politically insulated?
A) The Fed governors are appointed by the president of the United States.
B) The Fed governors are appointed for 14-year terms and cannot be reappointed.
C) The Board of Governors is located in Washington,
D) The Fed acts as a clearinghouse between commercial banks.
Correct Answer:
Verified
Q2: Which of the following is not true
Q4: Monetary policy is set by the
A)Federal Open
Q6: Members of the Board of Governors are
A)Elected
Q7: The Federal Reserve holds deposits from
A)Consumers.
B)Banks.
C)The U.S.Treasury.
D)Large
Q10: The government uses _ to regulate the
Q11: Which of the following services is performed
Q14: Regional Fed banks
A)Hold deposits for individuals.
B)Clear checks
Q15: Members of the Federal Reserve Board of
Q18: Monetary policy involves the use of money
Q19: All of the following would be true
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