What role does the presidentplay in the Federal Reserve?A. The president confirmsSenate nominations to theBoard of Governors.B. The president makesdecisions on monetarypolicy.C. The president nominatesmembers of the Board ofGovernors.D. The president changes theinterest rate on requiredand excess reserves.

The Federal Reserve is the entity in charge of the country's monetary policies and the regulation of…

Answered: C. The president nominates members of…

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C. The president nominates members of the Board of Governors.

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter17: The Trade-off Between Inflation And Unemploy

Section: Chapter Questions

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What role does the president
play in the Federal Reserve?
A. The president confirms
Senate nominations to the
Board of Governors.
B. The president makes
decisions on monetary
policy.
C. The president nominates
members of the Board of
Governors.
D. The president changes the
interest rate on required
and excess reserves.

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