The Federal Reserve System

question 40

Multiple Choice

The Federal Reserve System:

• A) was created by and is owned by the government.
• B) pursues independent fiscal policy at the behest of Congress.
• C) never acts to control inflation.
• D) pursues an independent monetary policy which can conflict with the government's economic policy.
• E) only acts to lower taxes and increase spending when there are recessionary tendencies in the economy.

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