The U.S. Federal Reserve
A) has complete independence from the U.S. government.
B) acts within the boundaries established by Congress and the president, but has flexibility in meeting the goals of monetary policy.
C) is a government agency run by the Treasury Department and under the strict control of Congress.
D) is run by elected officials but is only subject to oversight by the U.S. president.
B
You might also like to view...
The biggest problem caused by a deflation is that
A) prices fall. B) wages fall. C) interest rates rise. D) people cannot repay their debts.
A decrease in the government budget deficit decreases the ________ loanable funds and an increase in the government budget surplus increases the ________ loanable funds
A) demand for; demand for B) demand for; supply of C) supply of; demand for D) supply of; supply of