Which of the following statements is correct?
a) The Federal Reserve's actions are subject to executive branch control.
b) Politically controlled banks are better at fighting inflation than independent central banks.
c) The Federal Reserve is considered to be an independent central bank.
d) The Federal Reserve System is not subject to Congressional oversight.
Ans: c) The Federal Reserve is considered to be an independent central bank.
Economics
You might also like to view...
Country risk analysis involves a consideration of
A) forecasting future exchange rates. B) future export growth. C) the strength of political dissent. D) Both B and C.
Economics
The need for government subsidies of irrigation produced
(a) the Desert Land Act (1877). (b) the Interstate Commerce Commission Act (1887). (c) the Newlands Act (1902). (d) all of the above.
Economics