Before Deciding on a Course of Action,the Fed Is Faced

question 15

Multiple Choice

Before deciding on a course of action,the Fed is faced with the problem of

• A) forecasting the economy's short-term movements.
• B) obtaining approval from Congress.
• C) clearing its actions with the member banks.
• D) getting the consent of Wall Street.
• E) consulting with Milton Friedman.

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Definitions:

Future Income

Expected earnings or revenue of an individual or entity in coming periods.

Full Payment

The complete settlement of an amount due, whether it be a debt, service fee, or purchase price.

Discharge

The act of fulfilling or settling an obligation or debt.

Chapter 13

A type of bankruptcy filing in the United States that allows individuals with regular income to develop a plan to repay all or part of their debts.