176k views
2 votes
There are Federal Reserve regional banks. Which of the following contributes to making the Federal Reserve an independent policymaking body? Members of the Board of Governors are appointed for 14-year terms. Its role is written into the U.S. Constitution. There are 12 Federal Reserve banks. The Federal Reserve's primary tool for changing the money supply is . In order to increase the number of dollars in the U.S. economy (the money supply), the Federal Reserve will government bonds.

User Mdriesen
by
4.7k points

1 Answer

6 votes

Answer:

There are 12 Federal Reserve regional banks. A further explanation is given below.

Step-by-step explanation:

  • The central U.S is the treasury department System. This isn't about a foreign company.
  • Alternatively, the complete United States is broken across 12 treasury department regions, along with a federal reserve bank throughout the jurisdiction. The treasury department system is established by these 12 area federal reserve banks.

So, there are many 12 area Federal Reserve banks.

Despite the latter's independence towards political interference, the federal reserve system is perceived to be autonomous. This is because a director of the Federal Reserve executive committee is named for a maximum term duration of 14 years. This starts and ends the duration of three or four U.S president and thereby actually protects the board against political control.

Representatives are named to the board of directors for a period of 14 years.

  • Open market activities are the main weapon of the Federal Reserve for adjusting the amount of money in circulation.
  • The Federal Reserve would issue government securities to decrease the consumption of dollars from the U.S.
User Shobhit Verma
by
5.0k points