To Minimize the Effect of Short-Term Political Pressure on the Fed's

question 130

Multiple Choice

To minimize the effect of short-term political pressure on the Fed's Board of Governors,the governors are all appointed to their terms:

• A)in different years,and their terms are long.
• B)in different years,and their terms are short.
• C)in the same year,and their terms are long.
• D)in the same year,and their terms are short.
• E)in the same year,and their terms are shorter than that of the chairman of the Federal Reserve Board.

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Definitions:

Quasi-contract

A legal concept where a court imposes an obligation on a party to prevent unjust enrichment or unfair benefit at the expense of another, even if no actual contract exists.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across American states.

Partially Adopted

The state of having integrated or accepted a portion, but not all, of a concept, policy, or system.

Arizona

A state located in the southwestern region of the United States known for its desert landscape, the Grand Canyon, and a rich cultural history.