The Federal Reserve Bank Operates

question 34

Multiple Choice

The Federal Reserve Bank operates

• A) as a semi-private organization not under the direct control of the government.
• B) under the direct control of the executive branch of the government.
• C) under the direction of the Banking Oversight Committee of Congress.
• D) as a special agency of the U.S. Treasury.

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Definitions:

Interest-earning Account

A bank account that provides interest payments on the cash deposited into the account.

Annual Rate

The percentage return on an investment or rate of interest per year, not accounting for the compounding of interest within that year.

Annual Withdraw

Annual Withdraw refers to the amount of money that is taken out of an investment or savings account each year.

Rate Of Return

The upturn or downturn in investment value over a pre-defined period, cast as a percentage of the cost at investment inception.