The Federal Open Market Committee Consists of the

question 46

Multiple Choice

The Federal Open Market Committee consists of the

• A)five senior members of the seven-member Board of Governors.
• B)seven members of the Board of Governors and seven presidents of the regional Fed banks.
• C)seven members of the Board of Governors and five presidents of the regional Fed banks.
• D)twelve regional Fed bank presidents and the chairman of the Board of Governors.

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Definitions:

Testable

Capable of being examined and evaluated through experimentation or observation to verify the truth or effectiveness.

Hypothesis

A proposed explanation for a particular set of phenomena.

Refuted

Successfully argued against a statement or theory, proving it to be wrong or false.

Well-Established Theories

Theories that have been widely accepted and validated through substantial evidence and scientific inquiry.