Most Power in the Federal Reserve System Is Held by the

question 164

Multiple Choice

Most power in the Federal Reserve System is held by the

• A)president and Congress.
• B)Secretary of the Treasury, who appoints the members of the Board of Governors.
• C)Board of Governors of the system.
• D)member banks of the system.

---

Definitions:

Proactive

Taking initiative by acting in advance of future situations rather than just reacting, thereby controlling circumstances by causing things to happen.

Reactive

Describes a response to events or situations rather than initiating or influencing them.

Customer Needs

The wants or requirements that consumers express to have satisfied by purchasing goods or services.

Black Box Model

A concept in consumer behavior that treats the consumer's mind as a "black box," focusing on the inputs and outputs of the buying process without attempting to interpret what happens inside the mind.