In Theory, the Fed Is

question 10

Multiple Choice

In theory, the Fed is

• A) the only national entity responsible for economic policy.
• B) central planning body for the economy.
• C) independent of both the president and Congress.
• D) the main fiscal policy body in the federal government.
• E) None of the above is True.

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Definitions:

Willfully Violates

Refers to the act of intentionally breaking a law or regulation.

Securities Act of 1933

A U.S. law enacted in response to the stock market crash of 1929 that aims to ensure more transparency in financial statements so investors can make informed decisions.

Fines

Penalties of monetary payment imposed by a court on a person or organization as punishment for an offense.

Imprisonment

The act of confining someone in a prison as a punishment for committing a crime.