Monetary Policy Is Conducted

question 391

Multiple Choice

Monetary policy is conducted

• A) only by the Federal Reserve.
• B) by the Federal Reserve and the President of the United States.
• C) by the Federal Reserve, the President of the United States, and Congress.
• D) by the Federal Reserve with veto power residing with the President of the United States.

---

Definitions:

Tariff

A tax imposed by a government on goods and services imported from other countries, used to control trade and protect domestic industries.

Sugar

A sweet-flavored substance derived primarily from sugarcane and sugar beet, used chiefly as an ingredient in food and beverages.

Equivalent Imports

Goods or services brought into a country that serve the same purpose as locally produced goods or services.

Quota

A government-imposed trade restriction limiting the number or monetary value of goods that can be imported or exported during a specified period.