Asked by Rachel Lopke on Apr 27, 2024
Verified
The Federal Reserve System
A) regulates not only banks but some of the other financial institutions.
B) is directly controlled by the President.
C) regulates all financial institutions in the United States.
D) controls the fiscal policy of the federal government.
Federal Reserve System
The primary financial institution in the United States tasked with managing monetary policy, overseeing financial organizations, and ensuring the financial system remains stable.
Banks
Financial institutions that accept deposits, offer loans, and provide other financial services.
Financial Institutions
Organizations that provide financial services, such as banks, insurance companies, and stock exchanges.
- Absorb the essence and devices the Federal Reserve applies in the execution of monetary policy.
Verified Answer
SM
Spencer MacmasterMay 03, 2024
Final Answer :
A
Explanation :
The Federal Reserve System regulates not only banks but also some other financial institutions, such as credit unions and savings and loan associations. It is not directly controlled by the President nor does it regulate all financial institutions in the United States. Additionally, the Federal Reserve System does not control the fiscal policy of the federal government, as that is the responsibility of Congress and the President.
Learning Objectives
- Absorb the essence and devices the Federal Reserve applies in the execution of monetary policy.