All of the following are examples of U.S.Federal Reserve System independence except that:
A)the Federal Reserve Act does not explicitly prohibit legislative interference in monetary policy.
B)Federal Reserve Governors are appointed for 14-year terms.
C)the Federal Reserve controls its own budget.
D)the Federal Reserve is under no obligation to finance the national deficit.

Question

Quizplus · Accepted Answer

The Federal Reserve Act not explicitly prohibiting legislative interference suggests a lack of independence, as it implies potential for legislative influence over monetary policy.

All of the Following Are Examples of U