Monetary Policy Decisions,such as the Target Growth Rate in the Money

question 55

Multiple Choice

Monetary policy decisions,such as the target growth rate in the money supply or the target level for interest rates,are set by the

• A)president and congress.
• B)Federal Reserve Board of Governors.
• C)Shadow Open Market Committee.
• D)presidents of the Federal Reserve banks.
• E)Federal Open Market Committee (FOMC).

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Definitions:

Business Entity Assumption

An accounting principle that treats a business as an independent entity separate from its owners for accounting and legal purposes.