Procedural Rules Issued by Administrative Agencies Are

question 312

Multiple Choice

Procedural rules issued by administrative agencies are:

• A) statements that provide the agency staff and public with guidance regarding what the agency believes a certain statute or regulation means
• B) administrative statutes with the same force of law as statutes passed by Congress
• C) rules that describe an agency's organization, method of operation, and internal practices
• D) statements that may only rephrase the language of a statute passed by Congress
• E) none of the other choices

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Definitions:

Lender of Last Resort

An institution, usually a central bank, that offers loans to banks or financial institutions that are struggling financially or are considered highly illiquid.

Financial Panics

Instances of widespread fear and anxiety among investors and the general public leading to rapid withdraws from banks or sell-offs in markets, often triggering economic downturns.

Open Market

A freely competitive market in which any buyer or seller can participate, and prices are determined by supply and demand.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the principal, which lenders charge borrowers for the use of their money.