The Dynamic Actions of the Federal Reserve System

question 25

Multiple Choice

The dynamic actions of the Federal Reserve System

• A) contribute to the smooth everyday functioning of the economy.
• B) are designed to meet the credit needs of individuals and institutions.
• C) support depositories and other institutions.
• D) stimulate or repress the level of prices or economic activity.

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Definitions:

Checkoff Provision

Contract provision under which the employer, on behalf of the union, automatically deducts union dues from employees' paychecks.

Union Member

An individual who belongs to an organized group representing workers in negotiations with employers over wages, benefits, and working conditions.

Hired

The process of being employed by an organization or individual after the successful completion of an application or interview process.

Authorization Card

A document signed by employees to indicate their support for union representation, often used in the process of forming a union.