The leadership of the Federal Reserve System is provided by
A)the Board of Governors.
B)the Federal Advisory Committee.
C)the Federal Open Market Committee.
D)the directors of the twelve Federal Reserve banks.

Question

Quizplus · Accepted Answer

The Board of Governors is the main leadership body of the Federal Reserve System. It consists of seven members who are appointed by the President of the United States and confirmed by the Senate. The Board of Governors is responsible for setting monetary policy, supervising and regulating banks, and overseeing the operations of the twelve Federal Reserve banks. The other options listed (B, C, and D) are committees and groups within the Federal Reserve System that play important roles, but they do not provide the overall leadership.

The Leadership of the Federal Reserve System Is Provided by