Question

Which of the following is true about the Federal Advisory Committee (FAC)?

It makes key decisions about interest rates.

It collects information about economic conditions in each district.

It controls the growth of the United States money supply.

It consists of members elected by the constituents in their district.

Answer 1

The answer is B....................... GRADPOINT;)

Answer 2

Choice (b) is the most correct. The FAC takes information from each district and reports it to the Board of Governors. By doing so, the FAC can better gauge the overall financial health of the districts and make decisions that can alleviate any issues that might arise.