The Agency Directly Responsible for Monetary Policy in the United

question 358

Multiple Choice

The agency directly responsible for monetary policy in the United States is

• A)the twelve Federal Reserve Banks.
• B)the Board of Governors of the Federal Reserve System.
• C)the Congress of the United States.
• D)the United States Treasury.

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Definitions:

Alliance

A pact, coalition or partnership often formed between entities or organizations to pursue shared goals.

High Status

Reflecting a position of considerable influence, respect, or prestige in a social hierarchy or organization.

Group Norms

Established standards of behavior shared by members of a group, which guide and influence member actions.

Deviate

To depart from an established course or norms.