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

Question

Quizplus · Accepted Answer

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

A Policy of Transparency in the Federal Reserve