Which of the following statements is true about the Fed?
A) It regulates financial institutions.
B) It regulates taxes.
C) It creates jobs, such as mail carrier or park ranger, during recession.
D) It can implement decisions only after they are approved by the Senate.

Question

Quizplus · Accepted Answer

The Federal Reserve (the Fed) regulates financial institutions as part of its role in overseeing the banking system and ensuring financial stability. It does not regulate taxes, create jobs directly, or require Senate approval for its monetary policy decisions.

Which of the Following Statements Is True About the Fed