Questions: Select the correct answer from each drop-down menu. Complete the statements regarding financial agencies. The financial agency that sets monetary policy is deposits is . . The financial agency that insures bank

To complete the statements regarding financial agencies, we need to identify the correct financial agencies that perform the specified functions.

1. The financial agency that sets monetary policy is the central bank of a country. In the United States, this is the Federal Reserve (often referred to as "the Fed"). In other countries, it might be the European Central Bank (ECB) for the Eurozone, the Bank of England for the UK, etc.

2. The financial agency that insures bank deposits is typically a government-backed institution. In the United States, this is the Federal Deposit Insurance Corporation (FDIC). In other countries, similar institutions exist, such as the Canada Deposit Insurance Corporation (CDIC) in Canada.

The financial agency that sets monetary policy is the Federal Reserve (or the central bank of the respective country). The financial agency that insures bank deposits is the Federal Deposit Insurance Corporation (FDIC) in the United States.

• The Federal Reserve is responsible for setting monetary policy in the United States. It manages interest rates and controls the money supply to achieve economic goals such as controlling inflation and maintaining employment levels. Other countries have their own central banks that perform similar functions.

• The FDIC insures bank deposits in the United States, providing protection to depositors in case of bank failures. This insurance helps maintain public confidence in the banking system. Similar agencies exist in other countries to provide deposit insurance.