The Group That Is Comprised of Five Presidents of Fed

question 2

Multiple Choice

The group that is comprised of five presidents of Fed regional banks and seven Fed governors that gathers around a table to discuss whether to increase interest rates is the:

• A)Federal Open Market Committee.
• B)Federal Depository Insurance Corporation.
• C)Federal Advisory Council.
• D)National Federal Reserve Bank.

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Definitions:

Final Goods

These are products and services that have been completed and are ready for consumption or use by the end consumer, not to be further processed or resold.

Inventory Goods

Items that a business holds for the ultimate goal of resale or trade, making up an essential part of a company's current assets.

Mexico's GDP

The total market value of all final goods and services produced within the borders of Mexico in a specific time period.

U.S. GDP

The total monetary or market value of all the finished goods and services produced within the United States' borders in a specific time period.