All of the Following Statements About the Fed Are True

question 78

Multiple Choice

All of the following statements about the Fed are true EXCEPT:

• A) the Fed's primary directive is to keep interest rates low.
• B) the Fed's decisions are not subject to presidential review.
• C) the Fed's decisions are not subject to congressional review.
• D) unlike other presidential appointees, members of the Fed can only be removed "for cause."
• E) the Fed can create its own money.

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Definitions:

Implicit Memory

A type of long-term memory that enables us to perform tasks without conscious awareness of these previous experiences.

Encoding Specificity Principle

The theory suggesting that the context in which information is learned aids in the retrieval of that same information.

Retrieval Cues

Stimuli or prompts that facilitate the recall of information stored in memory.

Working Memory

A cognitive system responsible for temporarily holding information available for processing and manipulation.