Question

19) Critics of the current system of Fed independence contend that A) the current system is undemocratic. B) voters have too much say about monetary policy. C) the president has too much control over monetary policy on a day-to-day basis. D) the Board of Governors is held responsible for policy missteps.

Answer 1

Answer:

The answer is C

Explanation:

The critics of the current system of federal independent contends that the president has too much power over monetary policy on a day-to-day basis.

president is being given too much power over monetary issues. His the one to overseeing the reserved bank, setting national monetary policy, supervises and regulates the banking system even appoints Central Bank governor.