Question

Which of the following is NOT a

characteristic of the Federal Reserve?
A. central bank of the United States
B. total influence over fiscal policy
C. control of the money supply

Answer 1

B

Step-by-step explanation:

The federal reserve are involved in monetary policy. in Economics, there is difference between fiscal and monetary policy, tho they are usually used interchangeably. fiscal policy has to do with govt spending and revenue which is more tax related, while monetary policy is related to the control of the supply of money in the economy, through the use of interest rates and other tools.