Which of These Is a Provision of the Federal Reserve

question 237

Multiple Choice

Which of these is a provision of the Federal Reserve Act or part of subsequent legislation that contributes to the independence of the Fed?

• A) The Fed's Board of Governors are appointed by the president and confirmed by the Senate.
• B) Appointments to the Board are staggered such that one term expires on January 31 of every even-numbered year.
• C) Board members serve one 14-year term, after which they cannot be reappointed.
• D) The Fed is subject to congressional oversight.

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Definitions:

National Cultural Differences

Variations in the customs, values, traditions, and social behaviors that exist between countries or cultures.

Global Strategy

A business approach that considers the entire world as a potential market and integrates operations and strategies across countries to achieve competitive advantage.

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The lowest legal hourly pay that employers can offer to workers.

Wage Adjustment

Modifications or changes made to an employee's pay rate to reflect factors such as market trends, cost of living increases, or performance.