The Federal Open Market Committee Is

question 28

Multiple Choice

The Federal Open Market Committee is

• A)the main policy making body of the Fed.
• B)a seven-member board, each serving a 14-year term.
• C)comprised of the presidents of the 12 Federal Reserve banks.
• D)another name for the Board of Governors.
• E)the government committee charged with determining income tax rates.

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Definitions:

Behavioral Genetic

A field of study that examines the role of genetic and environmental influences on behaviors.

Nonshared Environment

Unique aspects of a person’s environment and experience that are not shared with family members.

Individualist Culture

A culture that emphasizes personal independence and the self, valuing personal achievements and autonomy over group goals.

Individualist Culture

A culture that emphasizes personal achievements and independence, encouraging individuals to prioritize their own goals over those of the group.