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The Federal Reserve System Multiple Choice

A. has the same status as the Supreme Court.
B. is basically an independent agency.
C. has the status of a congressional committee.
D. is an agency of the executive branch of the federal government.

1 Answer

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Answer: Federal reserve system is basically an independent agency.

Explanation: The Federal reserve system is the bank that functions as the central bank of the USA. It is an organization that oversees most of the economic activities of the nation, supervises the banks in the country, and help to reduce effects of financial crisis.

The federal reserve system is mainly an independent body, with it's own president and other leadership positions but it is answerable to the Congress of the USA.

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