Which of the following statements about America's federal monetary policy is LEAST accurate?
A. The Federal Reserve System has a complex structure that includes a seven-member board of governors and twelve regional banks.
B. The Federal Reserve controls the supply of money in the American economy, increasing it to combat recession, and shrinking it in response to inflationary trends.
C. Every bank chartered by the federal government or by a state must belong to the Federal Reserve System.
D. Banks that join the Federal Reserve receive access to a number of benefits, including the right to borrow money at attractive rates.
E. The officials most responsible for determining America's monetary policy are neither elected by the people nor accountable to its elected bodies.
Answer: C
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A good example of a premier-presidential regime is the following country:
A. China B. Ireland C. United Kingdom D. Italy
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What will be an ideal response?
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