Which Statement Concerning the Structure of the Federal Reserve System

question 78

Multiple Choice

Which statement concerning the structure of the Federal Reserve System is correct?

• A) The Fed's Board of Governors consists of 12 members.
• B) The chair and vice chair of the Board of Governors are appointed by the president and confirmed by the Senate for terms of 4 years.
• C) There are 10 regional Federal Reserve banks.
• D) The Federal Open Market Committee (FOMC) has seven members.

Explain the principles and practices of collective bargaining.

Understand the impact of unions on employee turnover, productivity, and organizational features.

Comprehend the legal framework and administration of labour relations.

Identify the types and features of unions and their effect on labour relations.

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Definitions:

ROE

Return on Equity, a measure of financial performance calculated by dividing net income by shareholders' equity, indicating how effectively management is using a company’s assets to create profits.

P/E Ratio

The price-to-earnings ratio, a valuation measure comparing the current share price of a company to its per-share earnings.

Asset Turnover Ratio

A financial metric that measures the efficiency of a company's utilization of its assets to generate sales or revenue.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income.