It consists of a Board of Governors appointed by the President (one of whom is appointed to act as the chairperson), 12 regional banks, and many other member banks. The main responsibility is to use the tools of monetary policy to promote price stability, full employment, economic growth, and other national economic goals.
Use the excerpt from the textbook to answer the question. What does this excerpt describe?
(1 point)
the Federal Reserve System
the Internal Revenue Service
the Office of Management and Budget
the Securities and Exchange Commission