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Which of the following best describes the relationship between the Federal Reserve and the President of the United States (POTUS)?

a. POTUS must approve all changes to monetary policy that The Fed wishes to implement.

b. The Fed must implement monetary policy specifically to support initiatives of POTUS.

c. POTUS must receive a majority vote from The Fed before implementing fiscal policy.

d. POTUS chairs the FOMC.

e. A and C

f. B and D

g. none of the above

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92062657

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