A policy of transparency in the Federal Reserve
A) allows investors to sit in on Federal Reserve Board meetings.
B) requires the Fed to act in specific ways in specific situations.
C) requires the Fed to explain why it acted or chose not to act in a specific situation.
D) allows Wall Street to audit the Fed's books.

Question

Quizplus · Accepted Answer

A policy of transparency in the Federal Reserve requires the Fed to explain why it acted or chose not to act in a specific situation. It does not allow investors to sit in on Federal Reserve Board meetings or require the Fed to act in specific ways in specific situations. It also does not allow Wall Street to audit the Fed's books.

A Policy of Transparency in the Federal Reserve