Which commission is responsible for regulating banks and setting interest rates for loans?
a. federal reserve board
b. securities and exchange commission
c. federal communications commission
d. commodities futures trading commission

Option A is correct. Federal Reserve Board is responsible for regulating banks and setting interest loans, although the Federal Reserve plays a larger role in interest rates.

The Federal Reserve Board which is The Board of Governors of the Federal Reserve System is the main governing body of the Federal Reserve System. Its function is to oversee the Federal Reserve Banks and with helping implement the monetary policy of the United States. The Federal Reserve System is the central banking system of the United States of America.

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