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The Federal Reserve System is (check all that apply) ... the government agency in charge of...

The Federal Reserve System is (check all that apply) ...

the government agency in charge of monetary policy
a government agency in charge of the government's budget
the government entity in charge of fiscal policy
an independent government agency
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Answer #1

Correct answer are A and D

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Federal Reserve System is the central bank of US.

It decides the interest rate at which commercial banks borrow money from central bank, so Fed control the monitory policy.

Its decisions are not affected by government, it is an independent organization.

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