Members of Congress Are Able to Influence Monetary Policy,albeit Indirectly,through

question 3

Multiple Choice

Members of Congress are able to influence monetary policy,albeit indirectly,through their ability to

• A)withhold appropriations from the Board of Governors.
• B)withhold appropriations from the Federal Open Market Committee.
• C)propose legislation that would force the Fed to submit budget requests to Congress,as must other government agencies.
• D)instruct the General Accounting Office to audit the foreign exchange market functions of the Federal Reserve.

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Definitions:

WTO

The World Trade Organization, an international body that regulates and facilitates international trade between nations.

International Organization

An entity operating across national borders, typically with a mission focused on policy, commerce, or humanitarian efforts on a global scale.

Trade Among Participating Countries

The exchange of goods, services, and capital between countries, often facilitated by agreements to reduce tariffs and trade barriers.

Environmental Scanning

Involves the process of collecting, analyzing, and using information about the external environment to aid in strategic planning.