The Federal Reserve System

question 40

Multiple Choice

The Federal Reserve System:

• A) was created by and is owned by the government.
• B) pursues independent fiscal policy at the behest of Congress.
• C) never acts to control inflation.
• D) pursues an independent monetary policy which can conflict with the government's economic policy.
• E) only acts to lower taxes and increase spending when there are recessionary tendencies in the economy.

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Definitions:

Blastocytes

An early stage of embryonic development in mammals, consisting of a hollow sphere of cells that implants in the uterine wall.

Acquired Aplastic Anemia

A condition where the body stops producing enough new blood cells due to damage to the bone marrow, often caused by exposure to chemicals, drugs, radiation, or certain diseases.

Congenital Defect

A physical or biochemical problem that is present at birth and may be caused by genetic factors or by prenatal events that are not genetic.

Iron Dextran

A medication used to treat iron deficiencies and anemia, administered intravenously or intramuscularly.