Who Is Considered to Wield the Most Power in the Federal

question 25

Multiple Choice

Who is considered to wield the most power in the Federal Reserve System?

• A) the Fed chair
• B) member banks
• C) the Treasury Secretary
• D) the president of the Federal Reserve Bank of New York

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Definitions:

Listening to Facts

The process of attentively hearing and understanding factual information being communicated.

Rather Than Feelings

A preference for logical or factual considerations over emotional responses.

Active Listening

The practice of fully concentrating, understanding, responding, and then remembering what is being said.

Feeding Back

The process of giving constructive responses or information about a task or performance to promote improvement.