The Federal Reserve's powers are defined in the U.S. Constitution.

A. True

B. False

The correct answer is B

Is the Fed System responsible to the executive branch?

A. Yes

B. No

The correct answer is B

Real economic stability requires all of the following except:

A. sound fiscal policy

B. political leaders with degrees in economics

C. sufficient competition in the economy

D. wise monetary policy

The correct answer is B

Monetary policy is flexible because:

A. The Federal Open Market Committee meets every six weeks and acts on decisions immediately

B. The Federal Reserve System is responsible to Congress

C. Policymakers stretch before each Federal Open Market Committee meeting

D. The Federal Open Market Committee meets every eight weeks and acts on decisions immediately

The correct answer is A