Which of the Following Statements Is True

question 72

Multiple Choice

Which of the following statements is true?

• A)The Federal Reserve is less independent than the Bank of England or the Bank of Japan.
• B)Each president has the right to appoint all the Federal Reserve officials.
• C)The Federal Reserve seldom conducts policy concerned with long-run stability.
• D)The Treasury supervises Federal Reserve activities.
• E)The Federal Reserve can prevent the government from using monetary policy for short-run political gain.

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Definitions:

Halo Effect

A cognitive bias where the perception of one positive characteristic of a person or thing influences the overall perception of that entity in a disproportionately positive way.

Primacy Effect

Refers to the tendency for the first items presented in a series to be remembered more easily or to be more influential than subsequent items.

Interviewers

Individuals who conduct interviews, asking questions to evaluate the qualifications and suitability of candidates for a position or purpose.

Primacy Effect

The tendency to remember and emphasize the first pieces of information encountered about a topic, person, or situation.