The Monetary Policies Carried Out by the Fed

question 105

Multiple Choice

The monetary policies carried out by the Fed

• A)must be ratified by Congress.
• B)must be consistent with fiscal policies passed by Congress.
• C)are sometimes inconsistent with fiscal policy.
• D)must be approved by the president.

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Definitions:

Enacting Laws

Enacting laws refers to the process by which legislative bodies create new statutes or legal standards.

Federalism

Federalism is a system of government in which power is divided between a central authority and constituent political units, such as states or provinces.

Governing Framework

The system of rules, practices, and processes by which a government is directed and controlled.

Full Faith

A clause in the U.S. Constitution (Full Faith and Credit Clause) requiring each state to recognize the public acts, records, and judicial proceedings of every other state.