Question

The regulatory agency that monitors and regulates banking activity is the_____. A. Federal Communications Commission B. U.S. Food and Drug Administration C. Federal Reserve System D. U.S. Postal Service .

Answer 1

Answer:

The Correct Answer is C

Explanation:

• The Federal reserve system of the United States.
• It was established by Congress to present the country with a more reliable, more elastic, and more steady financial and monetary method.

Role of the Federal Reserve System

• Manages the capital supply with financial management.
• Manages commercial establishments.
• Maintains local and federal check-clearing methods.
• Controls the federal security support of commercial banks.

Answer 2

The correct answer among the choices listed above is option C. The regulatory agency that monitors and regulates banking activity is the Federal Reserve System. It is the central bank of the United States. It was created in order to give the country a safer, more flexible and stable financial system.