The Text Suggests That in Theory and in Practice, the Fed

question 62

Multiple Choice

The text suggests that in theory and in practice, the Fed is independent

• A) of the president.
• B) of Congress.
• C) of both the president and Congress.
• D) of the president, but not Congress.
• E) of Congress, but not the president.

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Definitions:

Railway Labor Act

A 1926 United States federal law that governs labor relations in the railway and airline industries, aiming to avoid service disruptions.

Third Party Dispute

A conflict involving an external party to assist or decide in the resolution process between two other parties, commonly found in mediation or arbitration scenarios.

Conventional Arbitration

A form of arbitration where the arbitrator has complete discretion to determine the outcome, without being required to follow specific legal precedents.

NLRA

In United States labor law, the National Labor Relations Act serves as a crucial legal framework that defends the rights of employees to form unions and participate in collective bargaining with those who employ them.