Multiple Select QuestionSelect all that applyWhat are three descriptors of "the Fed"?Multiple select question.Organized into 12 regionsEstablished in 1913Elected branch of the federal governmentPart of state governmentPrints U.S. currencyRegulates the U.S. financial industry
Question
Multiple Select QuestionSelect all that applyWhat are three descriptors of "the Fed"?Multiple select question.Organized into 12 regionsEstablished in 1913Elected branch of the federal governmentPart of state governmentPrints U.S. currencyRegulates the U.S. financial industry
Solution
The correct answers to the question "What are three descriptors of 'the Fed'?" are:
- Organized into 12 regions
- Established in 1913
- Prints U.S. currency
- Regulates the U.S. financial industry
The Fed, or the Federal Reserve, is not an elected branch of the federal government nor is it part of the state government. It is an independent entity within the government, meaning it operates independently of the presidential administration and Congress, although it is subject to oversight by Congress.
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