Which of the Following Is True of the Fed

question 71

Multiple Choice

Which of the following is true of the Fed?

• A)The law lets the Fed decide how best to promote full employment and output in the U.S.economy.
• B)It relies heavily on Congressional appropriations.
• C)The president sits on the Board of Governors.
• D)Congress must approve any new monetary policy.
• E)The president must approve any new monetary policy.

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Definitions:

Depreciation

The reduction in the value of an asset over time, particularly regarding tangible assets like machinery and vehicles.

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.

Opportunity Cost

represents the value of the best alternative foregone as a result of making a particular choice.

Accounting Costs

Represent the explicit costs or direct financial expenditures associated with the operations of a business.