Governors of the Fed Often Do Not Serve Their Full

question 34

Multiple Choice

Governors of the Fed often do not serve their full fourteen-year terms because

• A)they are removed by the President.
• B)they are removed by Congress.
• C)a new President takes office and they are compelled to resign.
• D)they can earn higher incomes in private business.

---

Definitions:

Welfare Payments

Financial assistance provided by a government to individuals in need.

Food Stamps

A government-issued voucher used to purchase food by those in need, as part of social welfare programs.

Maximize Utility

The economic principle that individuals or firms seek to achieve the highest level of satisfaction or profit from their actions and choices.

Household Objective

Household objective often refers to the financial or lifestyle goals and priorities set by a household, such as achieving savings, buying a home, or securing education for children.