What Are the Two Policy-Making Bodies of the Federal Reserve

question 111

Multiple Choice

What are the two policy-making bodies of the Federal Reserve?

• A) the Board of Governors and the U.S. Congress
• B) the Board of Governors and the Federal Open Market Committee
• C) the Board of Governors and the Presidents' office
• D) the Federal Open Market Committee and the U.S. Congress

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Definitions:

Situational Demands

External factors or necessities that influence how a person behaves or performs in various contexts.

Fiedler's Contingency Model

A theory positing that leadership effectiveness is contingent upon the match between a leader’s style of interacting with subordinates and the degree to which the situation gives control and influence to the leader.

Leadership Style

The characteristic manner and approach by which a leader directs, motivates, and manages their team.

Achievement Oriented

A focus on setting challenging goals and working towards them with determination and confidence.