Along with creating the Federal Open Market Committee, the Federal Reserve Act of 1935: I. Consolidated power in the Board of Governors, granted it authority to set reserve requirements and approve regional discount rates II. Added the Secretary of the Treasury and Comptroller of the Currency to the Fed's Board, providing greater Fed oversight III. Established the selection and confirmation process for the Fed's Chairman and Vice Chairman Question 9Answer a. I only b. I and II only c. I and III only d. I, II, and