There are (5/7/12) members of the Fed Reserve Board of Govenors.
Which of the following contributes to making the Federal Reserve an independent policymaking body?
__ There are 12 Federal Reserve banks.
__ Members of the Board of Governors are appointed for 14-year terms.
__ Its role is written into the U.S. Constitution.
The Federal Reserve's primary tool for changing the money supply is the (discount rate / open market operation/ reserve requirement). In order to increase the number of dollars in the U.S. economy (the money supply), the Federal Reserve will (buy/sell) government bonds.