Although it enjoys substantial independence in its operations, the appointive power of the president and the ability of Congress to alter its structure make the ______________ a dependent political structure and one of the most powerful monetary organizations in the world.
A)Presidential Appointment Board (PAB)
B)Board of Directors (BOD)
C)Governing Body (GOB)
D)Financial Governors (FOG)
E)none of the above

Question

Quizplus · Accepted Answer

The description fits the Federal Reserve, which is not listed among the options. The Federal Reserve is a powerful monetary organization with substantial independence, but its leadership is appointed by the President and its structure can be altered by Congress.

Although It Enjoys Substantial Independence in Its Operations, the Appointive