Answer :
The Monetary policy was controlled by the Board of Governors of the Federal Reserve.
Answer:
Monetary policy is the correct answer.
Explanation:
The Board of Governors of the Federal Reserve, usually known as The Federal Reserve Board, is the most important governing body of the Federal Reserve System. This Board is in charge of overseeing the Federal Reserve Banks and also it must help implement the monetary policy of the United States. Due to this, option C is the correct answer.