ECONOMICS
FEDERAL RESERVE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
The Federal Reserve
|
|
|
The Federal Bureau of Investigation
|
|
|
The Federal Government
|
|
|
The Federal Fed Fed Federal
|
Detailed explanation-1: -The Federal Reserve System, often referred to as the Federal Reserve or simply “the Fed, ” is the central bank of the United States. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system.
Detailed explanation-2: -The Federal Reserve System (FRS) refers to the central bank of the United States. The Fed, as it is commonly known, sets the monetary policy of the United States.
Detailed explanation-3: -The authors of the Federal Reserve Act found a fairly simple solution. Instead of banks keeping what they regarded as their reserve deposits with each other, have them keep their reserve deposits with a central federal bank called Federal Reserve Banks.
Detailed explanation-4: -Federal Reserve Board-Federal Reserve Banks.
Detailed explanation-5: -Jerome H. Powell first took office as Chair of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. He was reappointed to the office and sworn in for a second four-year term on May 23, 2022.