Card 60 / 151: Which of the following statements is correct regarding the role of the U.S. Federal Reserve System?
A) The U.S. Federal Reserve System follows its directives from the U.S. Secretary of the Treasury.
B) The U.S. Federal Reserve System reports directly to the president and helps a wide range of executive departments and agencies across the federal government to implement the commitments and priorities of the president.
C) The U.S. Federal Reserve System provides independent, nonpartisan information, analysis, and advice to the president as he formulates and implements his plans for economic recovery.
D) The U.S. Federal Reserve System supervises and regulates banking institutions and maintains the financial system to attain economic stability and promote growth.

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