In the Governing Council,the Decision of What Policy to Implement

question 60

Multiple Choice

In the Governing Council,the decision of what policy to implement is made by

• A)majority vote of the Executive Board members.
• B)majority vote of the heads of the National Banks.
• C)consensus.
• D)majority vote of all members of the Governing Council.

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Definitions:

Purchase

Purchase refers to the act of obtaining goods or services in exchange for money or other valuable consideration.

Gift

Something voluntarily transferred by one person to another without compensation or consideration.

Consideration

The bargained-for exchange; what each party gets in exchange for his or her promise under a contract.

Causa Mortis Gift

A gift given by someone who believes they are about to die, intended to take effect only upon the death of the giver.