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."

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Definitions:

Affordable Health Care Act

A comprehensive health care reform law enacted in 2010 aimed at expanding access to insurance, increasing consumer protections, and emphasizing prevention and wellness.

Lower Premiums

Reduced costs for insurance coverage, often a result of decreased risk, loyalty discounts, or efficient company operations.

Profit-Sharing Plans

Compensation schemes where employees receive a portion of the company's profits, in addition to their regular salaries.

Salary Contributions

Payments made by employees or employers towards retirement plans, benefits, or other financial obligations based on salary percentages.