The Likelihood That the Fed Will Implement a Change That

question 3

Multiple Choice

The likelihood that the Fed will implement a change that will seriously harm the economy is minimized by the fact that:

• A) only bright, well-intentioned people are appointed to key roles at the Fed.
• B) Congress can remove the Chairman of the Fed at any time.
• C) the Board of Governors ultimately must answer to the U.S. President since he can replace them.
• D) there is decision making by committee.

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Definitions:

Phenylalanine

An essential amino acid required for the biosynthesis of proteins, not synthesized by the human body and obtained through diet.

Metabolize

The chemical process by which the body breaks down substances to provide energy or use them in growth and repair of tissues.

Genotype

describes the genetic makeup of an organism in terms of the alleles it carries for a particular trait, which can influence its phenotype or outward appearance.

Specific Genes

Particular segments of DNA that are responsible for the inheritance of distinct traits.