Which statement about the Federal Reserve System is true?

A. Its chairman is the Secretary of the Treasury.
B. Its leaders are chosen by the political party that holds the White House.
C. It is controlled by a congressional committee.
D. It is run by a board that is independent of political parties.

It is d because that is it

Answered by magilla187 | 2024-06-10

The Federal Reserve System is run by a Board of Governors, who are independent of political parties. The President of the United States appoints its seven members to serve 14-year terms, ensuring policy decisions are made based on economic merits, not politics. ;

Answered by SelmaBlair | 2024-06-18

The Federal Reserve System is true in stating that it is run by a board independent of political parties (Option D). Its leaders, the Board of Governors, are appointed with long terms to keep political pressure at bay. This independence allows effective decision-making for the economy.
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Answered by SelmaBlair | 2024-10-09