Determine Whether the Following Passage Is (Or Contains) an Argument

question 37

Short Answer

Determine whether the following passage is (or contains) an argument.
"The Federal Reserve Board is normally the Stealth bomber of government agencies, zooming in without warning to raise or lower interest rates and confirming weeks later what action was taken. But last Friday, in an extraordinary pre-emptive strike against a possible surge of inflation, the Federal Reserve Chairman declared that the Central Bank had raised short-term rates that very day."

---

Definitions:

Semi-Annually

Pertains to events or processes that occur twice a year, often used in the context of interest calculation or payments.

Investment

Allocation of resources, such as time, money, or effort, in anticipation of future gains.

Mutual Fund

An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds.

Investment

The process of assigning funds or other resources with the aim of earning returns or profits.