12. Facts about the Federal Reserve System Aa Aa In the United States, monetary

Question

12. Facts about the Federal Reserve System Aa Aa In the United States, monetary authority is ultimately held by the Board of Governors of the Federal Reserve System How many people serve on the Federal Open Market Committee (FOMC)? O 10 7 O 12 O 14 Which one of the following is not a recent development in the banking system? O The Fed has lost its independence from Congress and the president. O The number of electronic transactions has increased dramatically O Greater integration of world financial markets has increasingly allowed financial capital flows to seek out the highest possible risk-adjusted returns. Significant consolidation has taken place among banks and thrift institutions.

Explanation / Answer

Q1- Answer- 14 comprising 9 committee members and 5 alternate members

Jannet L. Yellen

William c dudley

Lael brainyard

Charles l. Evans

Patrick harker

Robert s. Kaplan

Neel kashkari

Jerome h. Powell

Rander k. Quarles

Raphel w. Bowstick

Loretta j. Mester

Mark l. Mullinix

Michael Strine

John c. Williams

Q2- answer- the fed has lost its independence from congress and president, fed is a still an autonomous body working under its own principles and guidelines irrespective of any policy control by the cingress and the president

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.