Monetary policy is determined by
A)government budget decisions.
B)presidential mandates.
C)the board of Governors of the Federal Reserve System.
D)congressional actions.
E)none of the above

Question

Quizplus · Accepted Answer

Monetary policy is determined by the board of Governors of the Federal Reserve System. The Federal Reserve System is responsible for measures related to the supply of money, credit, and interest rates in the economy, which ultimately affect economic growth, inflation, and employment levels. Government budget decisions, presidential mandates, and congressional actions may indirectly affect monetary policy, but they do not directly determine it.

Monetary Policy Is Determined by