ECONOMICS
FEDERAL RESERVE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It is a mostly independent agency that supervises and manages the financial system.
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It is the agency through which Congress supervises and manages the financial system
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It is the agency through which the judiciary supervises and manages the financial system.
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It is the agency through which the executive branch supervises and manages the financial system.
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Detailed explanation-1: -The answer is A. The U.S Federal Reserve is responsible for the monetary and money supply. The Fed makes sure the economy is healthy and regulates the amount of money floating within the economy.
Detailed explanation-2: -The Federal Reserve monitors financial system risks and engages at home and abroad to help ensure the system supports a healthy economy for U.S. households, communities, and businesses.
Detailed explanation-3: -The Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest.
Detailed explanation-4: -The correct answer is B. Monetary policy is established by the Federal Open Market Committee. The Federal Reserve System has twelve Federal Reserve banks whereby there is one represented in each Federal Reserve districts.