The regulatory agency that monitors and regulates banking activity is a. federal communications commission b. u. s. food and drug administration c. federal reserve system d. u. s. postal service .

The Correct Answer is C

Explanation:

The Federal reserve system of the United States. It was established by Congress to present the country with a more reliable, more elastic, and more steady financial and monetary method.

Role of the Federal Reserve System

Manages the capital supply with financial management. Manages commercial establishments. Maintains local and federal check-clearing methods. Controls the federal security support of commercial banks.