The Federal Reserve Does All of the Following Except
The Federal Reserve does all of the following except
A) make loans to individuals
B) influence the supply of money
C) influence the value of money
D) regulate the banking system
The Federal Reserve System is made up of twelve regional banks owned by
A) commercial banks in the respective districts that have chosen to be members of the Fed.
B) Wall Street investors.
C) the Board of Governors appointed by the President.
D) the U.S. Treasury.
The Board of Governors of the Federal Reserve System is
A) elected by the member banks' presidents.
B) appointed by the Secretary of the Treasury.
C) appointed by the state governors in each Federal Reserve district.
D) appointed by the president of the United States and confirmed by the Senate.
The seven members of the Board of Governors serve 14-year terms to
A) provide steady employment.
B) reduce political influence.
C) prevent illegal appointments.
D) inhibit independent decisions.