Critics of the Unconventional Monetary Policies in 2009 and 2010

question 11

Multiple Choice

Critics of the unconventional monetary policies in 2009 and 2010 argued that by deciding which financial institutions would fail and which would not, the Fed was assuming authority that rightfully belonged to

• A)the FDIC.
• B)the U.S.Treasury.
• C)the President.
• D)Congress.

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Definitions:

Training

Training refers to the process of teaching or developing in oneself or others, any skills and knowledge that relate to specific useful competencies.

External Locus

A psychological concept referring to individuals who believe that external forces and situations influence their life outcomes.

Internal Locus

A belief that one has control over their own life and outcomes rather than external forces.

Weak Internal

Referring to the lack of strength, structure, or robust processes within an organization's internal framework, affecting its effectiveness and efficiency.