Question and answer
Which one of the following is NOT part of the Federal Reserve System? a. the Board of Governors c. the Federal Advisory Council b. the Federal Open Market Committee d. the Comptroller of the
Currency
the board of governors is not a art of the federal reserve system
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Original conversation
User: The Federal Reserve System is supervised by a Board of Governors whose members are appointed by the president for life. True or false?

User: The Fed regulates banks but has little authority over bank holding companies. True or false?

User: Which group on the Federal Reserve organization chart decides whether to raise or lower interest rates? a. Federal Open Market Committee c. Federal Advisory Council b. Board of Governors d. Federal Reserve Banks

User: Which one of the following is NOT part of the Federal Reserve System? a. the Board of Governors c. the Federal Advisory Council b. the Federal Open Market Committee d. the Comptroller of the Currency

Weegy: the board of governors is not a art of the federal reserve system
jamiekins228|Points 60|

User: The Fed is responsible for all of the following EXCEPT a. regulating holding companies. b. supervising foreign banks in the United States. c. approving bank mergers. d. regulating credit unions.

Weegy: a. regulating holding companies
johncasseta|Points 110|

User: Before signing the loan to purchase her new car, Veronica read over the terms of her loan. She wanted to learn about the annual percentage rate and the total cost to her, the borrower. This is an example of which Federal Reserve service in action? a. Member Bank Merger Act b. Federal Advisory Committee c. Truth in Lending Act d. Federal Open Market Clause

Weegy: b. Federal Advisory Committee
johncasseta|Points 110|

User: The committee that advises the Fed on the growth of the money supply and the level of interest rates is the a. Consumer Advisory Council. c. Federal Advisory Council. b. Federal Open Market Committee. d. Council of Economic Advisers.

Weegy: b. Federal Open Market Committee (FOMC) advises the Fed on the growth of the money supply and the level of interest rates
Marvel2|Points 430|

User: The Federal Reserve bank acts as banker to both the United States and various international banks. True or false?

User: The Federal Reserve Bank is responsible for replacing torn and worn money with new bills. True or false?

Weegy: The answer is True. The Federal Reserve Bank is responsible for replacing torn and worn money with new bills.
jeifunk|Points 9798|

User: The Federal Reserve Bank is responsible for minting new coins. True or false?

User: What does “lender of last resort” mean with respect to the Federal Reserve? a. It will lend money to a bank in a financial emergency. b. It makes decisions about who a bank can lend money to. c. It decides interest rates for interbank loans. d. It has the power to decide how much money a bank can lend out.

Weegy: a. It will lend money to a bank in a financial emergency
indi|Points 266|

User: What is the cost of money? a. the smoothing out of fluctuations in the market b. the economy’s use of open market operations c. the price of the interest rate d. the bank’s use of money creation

User: What role does the Federal Reserve play in regulating the banking system? a. A member from the Federal Reserve works at the headquarters of each national bank. b. The Federal Reserve coordinates all regulatory activities and examines banks periodically. c. The Federal Reserve must approve every major transaction of a bank. d. The Federal Reserve becomes involved only when there is a major problem in a bank.

Weegy: The Federal Reserve's most primary function is to control inflation without triggering a recession.
JoshCohen888|Points 50|

User: What role does the Federal Reserve play in regulating the banking system? a. A member from the Federal Reserve works at the headquarters of each national bank. b. The Federal Reserve coordinates all regulatory activities and examines banks periodically. c. The Federal Reserve must approve every major transaction of a bank. d. The Federal Reserve becomes involved only when there is a major problem in a bank.





Weegy: I think your question is a bit too broad in the sense that you might interpret the answer as being that the Federal Reserve is responsible for all banking regulation in the US which is not the case. [ Of the available answers you list B is the most correct but again can cause misinterpretation of the scope and role of the Fed in banking regulation. Banking regulations in the US are fractured at the state and federal levels. The primary institutions responsible for bank regulation on the federal level are the FDIC and the Federal Reserve banks. There are 12 regional Federal reserve banks that are responsible for the regulation of banking activities within their respective regions but state and municipal level regulations are also relevant to how the banking industry is regulated. So for example, a bank in San Francisco is regulated not only by California state regulations on banking but also on the federal level by the regional Federal Reserve bank and the FDIC and the municipality of San Francisco itself. Source(s): ]
Expert answered|carl1980|Points 282|

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Asked 5/30/2013 11:15:57 PM
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angelrampel, please cite your source whenever possible. You can review the rules here
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