BUSINESS ADMINISTRATION
BUSINESS POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mayor of Washington D.C.
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President of the US
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Head of the largest bank in the country
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Chairperson
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Detailed explanation-1: -At the center of the Federal Reserve structure is the Board of Governors in Washington, D.C. The Board is charged with overseeing the entire Federal Reserve System and operates as an independent government agency. The Board is made up of seven members who are nominated by the President and confirmed by the Senate.
Detailed explanation-2: -By law, the chairman reports twice a year to Congress on the Federal Reserve’s monetary policy objectives. He or she also testifies before Congress on numerous other financial issues and meets periodically with the treasury secretary, who is a member of the president’s Cabinet.
Detailed explanation-3: -There are three key entities in the Federal Reserve System: the Board of Governors, the Federal Reserve Banks (Reserve Banks), and the Federal Open Market Committee (FOMC).