It is generally agreed by the public that the Federal Reserve System:
A)should not engage in international exchange controls
B)carries out its functions reasonably well
C)is distrusted by business as well as by banking interests
D)should be under the control of the U.S.Treasury

Question

Quizplus · Accepted Answer

The statement suggests that the public generally agrees that the Federal Reserve System carries out its functions reasonably well, indicating a level of trust in the institution. However, there is no indication that the public believes the Fed should engage in international exchange controls or be under the control of the U.S. Treasury, and while there may be some business or banking interests that distrust the Fed, the statement does not suggest that this is a widespread belief among the public. Therefore, B is the best choice.

It Is Generally Agreed by the Public That the Federal