The Federal Reserve System
A) is in charge of managing the New York Stock Exchange.
B) is headed by the Secretary of the Treasury.
C) is the central bank of the United States.
D) is responsible for conducting fiscal policy for the United States.

Question

Quizplus · Accepted Answer

The Federal Reserve System is the central bank of the United States, responsible for setting monetary policy and regulating the banking system. It is separate from the government and is not in charge of managing the stock market or conducting fiscal policy. The Secretary of the Treasury is part of the government but does not head the Federal Reserve System.