The Federal Reserve System Is Owned by

question 78

Multiple Choice

The Federal Reserve System is owned by

• A) federal government agencies such as the Treasury.
• B) the Congress of the United States.
• C) the banks that are members of the Federal Reserve System.
• D) anyone who buys stock over the counter.
• E) people who have deposits in member banks.

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Definitions:

Oversight

The process of supervising, monitoring, and potentially directing activities or operations, usually in the context of governance or management.

Executive Agencies

Parts of the government under the direct authority of the President or the executive branch, responsible for the enforcement of laws.

Accountability

The obligation of individuals or organizations to account for their activities, accept responsibility for them, and disclose the results in a transparent manner.

House Oversight

A function of the United States House of Representatives that involves monitoring and supervising federal agencies, programs, activities, and policy implementation.