In Its Earliest Years,the Federal Reserve's Guiding Principle for the Conduct

question 99

Multiple Choice

In its earliest years,the Federal Reserve's guiding principle for the conduct of monetary policy was known as the

• A)real bills doctrine.
• B)liberal liquidity doctrine.
• C)free reserves doctrine.
• D)quantity theory of money.

---

Definitions:

Ethical Responsibilities

Obligations to act in a moral and ethical manner towards others, often going beyond legal requirements.

Stakeholders

Individuals or groups that have an interest or stake in the performance and activities of a business or organization, such as employees, customers, investors, and suppliers.

Sarbanes-Oxley Act

A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to securities laws.

Auditing

The systematic examination and evaluation of the financial statements of an organization to ensure that records are accurate and fair, performed by an internal or external auditor.