Who owns the Federal Reserve Banking system? a. No one, it owns itself. b. The m

Question

Who owns the Federal Reserve Banking system? a. No one, it owns itself. b. The member banks. c. The US Government. d. The Chinese Government. e. The shareholders of the Federal Reserve Corporation. Who is the most important member of the Federal Open Market Committee and often thought of as the second most powerful person in the United States? a. The President of the United States b. The Treasury Secretary. c. The Chairman of the Federal Reserve Bank. d. The President of the Federal Reserve Bank of New York. e. None of these.

Explanation / Answer

Who owns the Federal Reserve Banking system:

The Answer is 'c' The US Government

Although The Federal Banking system is considered independent within government and it is not exactly correct to say that the US government owns it.

Who is the most important member of the Federal Open Market Committee and often thought of as the second most powerful person in the United States?

Answer is 'c' The Chairman of the Federal Reserve Bank

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