Which of the following statements best describes the political control of the Federal Reserve? Use letters...

Which of the following statements best describes the political control of the Federal Reserve? Use letters in alphabetical order to select options A Policy decisions of the Fed do not require congressional approval, and the president cannot ask for the resignation of a Federal Reserve governor as the president can with cabinet positions. B Policy decisions of the Fed do not require congressional approval, and the president can ask for the resignation of a Federal Reserve governor as the president can with cabinet positions. C Policy decisions of the Fed require congressional approval, and the president can ask for the resignation of a Federal Reserve governor as the president can with cabinet positions. D Policy decisions of the Fed require congressional approval, but the president cannot ask for the resignation of a Federal Reserve governor as the president can with cabinet positions.

Which of the following institutions is responsible for ensuring that enough currency and coins are circulating through the financial system to meet public demands? Use letters in alphabetical order to select options A Federal Deposit Insurance Corporation B U.S. Department of the Treasury C Comptroller of the Currency D Federal Reserve

If a Central Bank decides it needs to decrease both the aggregate demand and the money supply, then it will Use letters in alphabetical order to select options A follow quantitative easing policy. B follow tight monetary policy. C follow loose monetary policy. D follow expansionary monetary policy.

In the United States, which institution is primarily responsible for inspecting credit unions? Use letters in alphabetical order to select options A National Credit Union Administration B Federal Reserve C Federal Deposit Insurance Corporation D Office of the Comptroller of the Currency

Solutions

Expert Solution

1. Option B. Policy decisions of the Fed do not require congressional approval, and the president can ask for the resignation of a Federal Reserve governor as the president can with cabinet positions.

Explanation: The Fed has policy independence but the board members are appointed by the President.

2. Option D. The Federal Reserve

Explanation: The Federal Reserve is the central bank of the US which controls the money supply.

3. Option B. Follow tight monetary policy.

Explanation: A tight monetary policy would result in a lower money supply and lower output.

4. Option A. National Credit Union Administration

Explanation: The National Credit Union Administration is an agency of the US Fed, which is responsible for monitoring the credit unions.

Rahul Sunny answered 1 year ago

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