Question

When talking with your brother, you tell him about your banking choice. He is very interested in political history and asks you if the US government supervises banking.

You do some research and discover that the central bank of the US is the federal agency responsible for regulating the monetary policy and supervising the banking system.

What’s the name of the central bank of the US?
Question 8 options:

Securities and Exchange Commission


Federal Reserve System


Federal Trade Commission


Federal Consumer Financial Protection Act

Answer 1

Federal Reserve System — commonly called "the Fed." It's the U.S. central bank that sets monetary policy and supervises/regulates banks.