Which of the following is true of the Federal Reserve System? it is responsible for regulating...
Which of the following is true of the Federal Reserve System?
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it is responsible for regulating the banking system. |
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It is responsible for setting monetary policy. |
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All of the choices are correct |
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It is the central bank of the United States. |
Homework Answers
Ans:- Federal Reserve System is the central bank of the United States of America. It was established on 23 December 1913. It regulates the banking system of the United States. It is also responsible for setting monetary policy. Monetary Policy is the action taken by the nation's central bank to control the money supply into the market. For the United States, it is done by the Federal Reserve System.
Therefore, All of the choices are correct. option (c) is the right answer.
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