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Quiz #3 (click on the correct answer)

Which of the following best describes the Federal Reserve System of the United States?

A) An administrative agency under the Department of the Treasury, audited annually by the General Accounting Office to ensure the integrity of our nation’s money supply.

B) A military agency tasked with keeping our nation’s armed forces fully staffed in both peacetime and wartime.

C) A qasi-public banking system composed of twelve independent, privately owned and locally controlled corporations which is neither federal, nor keeps a reserve of money, & which is unaccountable to audits or public inquiry.

D) A division of the National Parks Service in charge of wetlands, mangrove swamps, & other environmentally sensitive public lands.