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:

Name Box

A feature typically found in spreadsheet applications, such as Microsoft Excel, that displays the address or name of the current selection or allows users to define names for cells, ranges, or formulas.

Cell Pointer

The indicator in a spreadsheet or table that shows the currently active or selected cell.

Absolute Cell References

In spreadsheet software, a cell reference that remains constant even if the formula in which it is used is copied to another cell.

Quick Access Toolbar

A customizable toolbar in Microsoft Office programs that provides easy access to frequently used commands.