Author Question: The Federal Reserve, or the Fed, is fully independent, meaning a. it must act in accordance with ... (Read 45 times)

a0266361136 · **on:** Jul 9, 2018

The Federal Reserve, or the Fed, is fully independent, meaning

a. it must act in accordance with the president's policies.
b. its decisions are reviewable by the courts.
c. its members are elected by the voters.
d. its decisions need not be ratified by the president, Congress, or the courts.

Question 2

To stabilize the banking system and control the supply of money, the Federal Reserve requires all banks to maintain a reserve

a. in currency in the amount of half of all bank loans.
b. incash supply in each bank location.
c. in currency or in deposits with a Federal Reserve bank.
d. by buying bonds from the government.