Question

Which statement about the Federal Reserve System is true?

Responses

Its chairman is the Secretary of the Treasury.

Its chairman is the Secretary of the Treasury.

It is run by a board that is independent of political parties.

It is run by a board that is independent of political parties.

Its leaders are chosen by the political party that holds the White House.

Its leaders are chosen by the political party that holds the White House.

It is controlled by a congressional committee.

Answer 1

The true statement is:

"It is run by a board that is independent of political parties."

Step-by-step explanation:
The Federal Reserve System, often referred to as the Fed, is indeed run by a Board of Governors. This board is independent of political parties to maintain stability and avoid short-term political influences on monetary policy.

Answer 2

The true statement is: "It is run by a board that is independent of political parties."