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The Federal Reserve Bank operates: A. as a semi-private organization not under the direct control of the government.
B. under the direction of the Banking Oversight Committee of Congress.
C. under the direct control of the executive branch of the government.
D. as a special agency of the U.S. Treasury.
The correct answer is A. as a semi-private organization not under the direct control of the government.
The Federal Reserve Bank operates independently of the federal government, allowing it to make decisions that are not subject to political pressures. It has both private and public characteristics, which enables it to focus on monetary policy and the stability of the financial system. This structure helps to balance the needs of the economy with governmental oversight without direct control.