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:

Formal Operations

the final stage of cognitive development in Piaget’s theory, characterized by the ability to think abstractly, logically, and systematically.

Moral Judgments

Evaluations or decisions based on the determination of actions as right or wrong based on a set of ethics or morality.

Abstractly

Thinking in a way that is not concrete or specific, involving general ideas or qualities rather than specific people, objects, or actions.

Future

Pertains to the time or a period that is yet to come, often considered in the context of potential events or possibilities.