All of the following are elements in the structure of the Fed EXCEPT the
A)Federal Open Market Committee.
B)Executive Council to the Governor.
C)12 Federal Reserve banks.
D)Board of Governors.
E)presidents of the 12 Federal Reserve banks.

Question

Quizplus · Accepted Answer

The Executive Council to the Governor is not an element in the structure of the Federal Reserve (Fed). The other choices are all key elements of the Fed's structure: the Federal Open Market Committee (FOMC) sets monetary policy, the 12 Federal Reserve banks implement policy and provide financial services, the Board of Governors oversees the Fed's operations and policymaking, and the presidents of the 12 Federal Reserve banks participate in FOMC meetings and provide regional economic information to inform policy decisions.

All of the Following Are Elements in the Structure of the Fed