Which of the following tends to make the Federal Reserve System less sensitive t

Question

Which of the following tends to make the Federal Reserve System less sensitive to political pressure?

A)the fact that the members of the Board of Governors are selected at random from among the presidents of private banks in the district they will represent.

B)the fact that the Federal Reserve System does not get its funding from the Congress.

C) the fact that most members of the Board of Governors serve short terms.

D)the fact that the Federal Reserve is under the control of the White House instead of being under the control of the Congress.

Explanation / Answer

Answer: B

Federal Reserve System would be less sensitive to political pressure if it doesn’t get any sort of benefit from congress, getting fund from congress is one of them.

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