Question

Which organization sets monetary policy for the United States? Board of Governors Congress Federal Open Market Committee Federal Reserve Banks

Answer 1

Just took the test and got 100%, the answer is the Federal Open Market Committee, they decide what measures to take to adjust the money supply.

Answer 2

The Federal Reserve Banks is the organization that sets the monetary policy for the United States.

They decide on the interest rates of commercial banks, as well as, the quantity of legal tender that must be in circulation.