Which of the Followings Is a Duty of the Board

question 19

Multiple Choice

Which of the followings is a duty of the Board of Governors of the Federal Reserve System?

• A) Setting margin requirements, the fraction of the purchase price of the securities that has to be paid for with cash.
• B) Setting the maximum interest rates payable on certain types of time deposits under Regulation Q.
• C) Regulating credit with the approval of the president under the Credit Control Act of 1969.
• D) All governors advise the president of the United States on economics policy.

---

Definitions:

Revenues

The overall income earned from transactions of goods or services central to a business's core functions.

Operating Revenues

The income earned from a company's main business operations, excluding income from investments or secondary sources.

Operating Expenses

The costs associated with the normal operations of a business, excluding costs related to producing goods or services, like rent, utilities, and salaries.

Interest Expense

The cost incurred by a company for borrowed funds, shown as an expense on the income statement.