Although It Enjoys a High Degree of Autonomy,the Fed Is

question 75

Multiple Choice

Although it enjoys a high degree of autonomy,the Fed is still subject to the influence of Congress because

• A) Congress can pass legislation that would restrict the Fed's independence.
• B) Congress can withhold the Fed's budget requests.
• C) Congress can remove members of the Board of Governors whose views on policy differ from those of key members of Congress.
• D) All of the above.

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Definitions:

Federal Level

Pertaining to the national government of a country, as opposed to state or local levels.

Korean War

A struggle that occurred from 1950 to 1953, involving North Korea, backed by China and the Soviet Union, versus South Korea, which had the support of the United Nations, mainly the United States.

American Revolution

The political and military conflict between the thirteen American colonies and Great Britain from 1775 to 1783, resulting in the independence of the colonies and the formation of the United States.