Question

What is the function of the federal reserve system board of governors?

Answer 1

B) Communicates with government leaders

Step-by-step explanation:

I took the test and got this right.

Full Question:

Which of the following is a function of the Federal Reserve System Board of Governors?

A) Holds stock in the Federal Reserve Bank

B) Communicates with government leaders

C) Supervises regional bank operations

D) Provides service to banks and the U.S. Treasury

Answer 2

The federal reserve system board of governors to guide or conduct

nation's monetary policy.

Step-by-step explanation:

The federal reserve system board of governors comprises of seven members which are nominated and approved or confirmed by the senate. All their responsibilities are charged towards guiding monetary policy. This is achieved or done by issuing regulations, supervising fed banks, approving budgets and appointment of directors.

The federal reserve system is to promoting, providing and maintaining an effective payment system and moderating long term interest rate.