Hierarchical Mandates ________

question 40

Multiple Choice

Hierarchical mandates ________.

• A) puts the goal of price stability first and then allows for other goals
• B) requires all goals to be met simultaneously
• C) is only used by the Bank of Canada
• D) is only used by the Federal Reserve

---

Definitions:

Substantial Harm

Significant damage or injury, often used legally to describe the severity of an action's impact on a person or property.

Section 5

A provision within a specific law or regulation, typically requiring context to determine its specific application or meaning.

Advisory Opinions

Opinions provided by courts or regulatory agencies on legal issues, often without the presence of an actual case or controversy.

Federal Trade Commission

A U.S. government agency tasked with protecting consumer rights and eliminating anticompetitive business practices. This is a more detailed definition of the FTC.