Appointments to the Federal Reserve Board Are Staggered So That

question 122

Multiple Choice

Appointments to the Federal Reserve Board are staggered so that one member's term expires every other year. This provision was enacted to ensure

• A) that Federal Reserve Board members would serve their entire term.
• B) that the Fed would be accountable to Congress.
• C) stability and continuity on the Board.
• D) that regional considerations would not impact the Board's decisions.

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Definitions:

Signal-Detection Theory

The theory that perceiving or not perceiving a stimulus is actually a judgment about whether a momentary sensory experience is due to background noise alone or to the background noise plus a signal.

Classical Psychophysical

Relates to the traditional study of the relationships between physical stimuli and the sensations and perceptions they produce.

Sensitivity

The capacity to perceive, feel, or be aware of stimuli or changes in the environment; can also refer to the degree of responsiveness to social or emotional matters.

Weber Fraction

A principle that quantifies the perception of change in a given stimulus, stating that the just noticeable difference is a constant proportion of the original stimulus’s intensity.