Which statement about the Federal Reserve System is true?

A.
It is controlled by a congressional committee.

B.
It is run by a board that is independent of political parties.

C.
Its chairman is the Secretary of the Treasury.

D.
Its leaders are chosen by the political party that holds the White House.

Question

Which statement about the Federal Reserve System is true?  
 
 

 
 

  

  A. 
  It is controlled by a congressional committee.   
   

 
 

  

  B. 
  It is run by a board that is independent of political parties.   
   

 
 

  

  C. 
  Its chairman is the Secretary of the Treasury.   
   

 
 

  

  D. 
  Its leaders are chosen by the political party that holds the White House.

anonymous · Answer

The Federal Reserve is run and operated by private Shareholders such as Citibank, Morgan Chase, Bank of America etc. mostly the largest banks in America.

rebeccapink6398 · Answer

you got that last question wrong that you helped me w/.

anonymous · Answer

hahaha