The Federal Reserve System

question 3

Multiple Choice

The Federal Reserve System

• A)is in charge of managing the New York Stock Exchange.
• B)is headed by the Secretary of the Treasury.
• C)is the central bank of the United States.
• D)was dissolved in the late 1980s.

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Definitions:

Contract

A legally binding agreement between two or more parties that outlines the terms and conditions of a particular arrangement.

Mediation

A form of conflict resolution where a neutral third party helps disputing parties find a mutually acceptable solution.

Rules of Evidence

The standards and criteria used to determine what information is admissible in a court of law.

Arbitrators

Individuals or panels that are appointed to resolve disputes between parties through an arbitration process, often as an alternative to litigation.