What Standard Does a Court Use in Reviewing the Factual

question 58

Multiple Choice

What standard does a court use in reviewing the factual determinations of an administrative agency?

• A) Whether the agency properly interpreted the applicable law.
• B) Whether the conclusions reached are supported by substantial evidence.
• C) Whether the agency acted contrary to procedural requirements of the law.
• D) Any one of the above, depending on the particular situation.

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Definitions:

M1

A category of the money supply that includes all physical money, such as coins and currency, as well as demand deposits, checking accounts, and negotiable order of withdrawal (NOW) accounts.

M2

A measure of the money supply that includes cash and checking deposits (M1) as well as near money, such as savings deposits, money market securities, and time deposits.

Federal Reserve

The central banking system of the United States, responsible for nation's monetary policy, financial regulation, and stability of the financial system.

Board of Governors

The Board of Governors is the leading body of a central bank in many countries, responsible for overseeing the bank's operations and policies.