Who Controls the Federal Reserve System

question 11

Multiple Choice

Who controls the Federal Reserve System?

• A) Largely the president, with the Council of Economic Advisers and the Senate playing advisory roles
• B) Presidents, who have the power to change system policies through executive orders and control of its board members and chair
• C) The system's chair and board, who are appointed by presidents (with Senate confirmation), but who make decisions independently
• D) Institutional members, although presidents can have some influence over them through appointed chairs and board members

---

Definitions:

Tax

A compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Area

A measure of the extent of a two-dimensional surface or shape, or the amount of space inside the boundary of a flat (2D) object.

Per-unit Burden

The cost or tax levied on each unit of a good or service.

Sellers

Individuals, companies, or entities that offer goods or services for sale in the market.