Which Statement Is Correct

question 75

Multiple Choice

Which statement is correct?

• A) The Fed's actions are subject to executive branch control.
• B) Politically controlled banks are better at fighting inflation than independent central banks.
• C) The Federal Reserve is considered to be an independent central bank.
• D) The Federal Reserve System is not subject to Congressional oversight.

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Definitions:

Law Review

An academic journal focusing on legal issues, typically edited by students at a law school, that publishes articles written by legal professionals, scholars, and students.

Common Law

A legal system based on court decisions and precedents rather than statutory laws.

Rome

The capital city of Italy, known for its ancient history, art, and architecture.

England

A country that is part of the United Kingdom, known for its rich history, culture, and legal system.