12. which of the following is not a responsibility of the Federal Reserve (a) ex

Question

12. which of the following is not a responsibility of the Federal Reserve (a) examines banks (b) issues new currency and coin (c) holds deposits of municipal governments (d) all of these are Federal Reserve responsibilities 13, The Federal Open Market Committee (FOMC) is comprised of the 7 members of the Board of Governors of the Federal Reserve, who can vote to change monetary policy, and the 12 Reserve Bank presidents, who can advise the Governors, but can't vote on proposed changes to monetary policy . 14. Although the Federal Reserve is independent', it is still subject to the influence of Congress because Congress can (a) pass legislation that can restrict the Fed's independence (b) withhold appropriations that fund the Fed's operating budget (c) appoint members of the Board of Governors who share the Congress's views on monetary policy (d) all of the above

Explanation / Answer

Question 12). Answer :- Option (d). All of these are Federal Reserve responsibilities.

Question 13). Answer :- Option (a). 7 members of the Board of Governors of the Federal Reserve, who can vote to change monetary policy.

Question 14). Answer :- Option (a). pass legislation that can restrict the Fed's independence.

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