Capital MarketsQuestion 334 of 398
Fiscal policy, as distinguished from monetary policy, is controlled by which entities?
a.The Federal Reserve Board alone
b.The SEC and FINRA
c.Commercial banks
d.Congress and the President, through taxation and government spending
Explanation
Fiscal policy is set by the legislative and executive branches through decisions on taxation and government spending. Monetary policy, by contrast, is conducted by the Federal Reserve, which controls the money supply and influences interest rates.
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