Question

Which of the following statements is true?

There is one Federal Reserve Bank for each state of the United States.
The leadership of the Federal Reserve System makes monetary policy decisions.
The president decides whether a bank must obey Federal Reserve policies.
The Federal Reserve must request approval from Congress before taking action.

This is the first question i ever asked so i put points to 100 i think

Answer 1

B

Step-by-step explanation:

Answer 2

Answer:The leadership of the Federal Reserve System makes monetary policy decisions.

Step-by-step explanation:

1. There is not one Federal Reserve Bank for each state of the United States. There are 12 Federal Reserve Banks located in different regions of the country.

2. The Federal Reserve System is led by the Board of Governors, which is responsible for making monetary policy decisions, along with the Federal Open Market Committee (FOMC).

3. The president of the United States does not decide whether a bank must obey Federal Reserve policies. Banks that are members of the Federal Reserve System are required to follow its regulations and policies.

4. The Federal Reserve is an independent entity and does not need to request approval from Congress before taking action. However, the Federal Reserve is accountable to Congress and regularly reports on its activities and decisions.