The Fed Does Not Have to Go Through the Normal

question 16

Multiple Choice

The Fed does not have to go through the normal congressional appropriations process because

• A)its expenses are very small.
• B)it was given enough funds at the time of its founding to provide for its expenses indefinitely.
• C)its net income is more than $25 billion per year.
• D)it is not part of the legislative branch of the federal government.