The part of the Federal Reserve System (the Fed) that sets reserve requirements is

Question

Quizplus · Accepted Answer

The Board of Governors is responsible for setting reserve requirements, which are the minimum amounts of funds that banks are required to hold in reserve against their deposits. The other options listed (Federal Open Market Committee, Federal Advisory Committee, and Federal Reserve district banks) do not have this specific responsibility.

The Part of the Federal Reserve System (The Fed) That