A Major Point of Debate Surrounding the Federal Reserve's Role

question 56

Multiple Choice

A major point of debate surrounding the Federal Reserve's role in economic policy is

• A)the Fed's political accountability.
• B)whether the president should be able to veto the Fed's decisions.
• C)the issue of competence.
• D)whether Congress should be able to reject the Fed's decisions.
• E)None of these answers is correct.

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Definitions:

Exxon And Mobil

Two major American oil companies that merged in 1999 to form ExxonMobil, one of the world's largest publicly traded oil and gas companies.

U.S. Justice Department

A U.S. government federal executive department tasked with the enforcement of laws and the administration of justice.

European Commission

An institution of the European Union responsible for proposing legislation, implementing decisions, upholding the EU treaties, and managing the day-to-day operations of the EU.

Trustbusters

Refers to government officials or policies that aim to break up or regulate monopolies and ensure competition in the marketplace.