Question

How does the president most directly influence the Federal Reserve System? (5 points)

Select one:
a. By participating in the Federal Open Market Committee
b. By setting national monetary policy
c. Through appointments to the Board of Governors
d. Through leadership of Federal Reserve Banks

Answer 1

The president most directly influence the Federal Reserve System is by C, through appointments to the Board of Governors. The Federal Reserve System is the focal managing an account arrangement of the United States. It was made on December 23, 1913, with the sanctioning of the Federal Reserve Act in light of a progression of monetary. The board comprises of the seven governors which are selected by the president.