Which of the following does not reduce the Fed's control of the money supply?

Question

Quizplus · Accepted Answer

Lobbying by consumer watchdog groups may influence the Fed's decision-making but it does not directly reduce the Fed's control over the money supply. On the other hand, insurance companies and pension funds may invest in various financial instruments that affect the money supply, nonbank credit cards can create credit and affect the money supply, and the fact that a significant percentage of U.S. dollars are held abroad can limit the Fed's ability to control their circulation.

Which of the Following Does Not Reduce the Fed's Control