What Is the Structure of the Federal Reserve Bank System

question 177

Essay

What is the structure of the Federal Reserve Bank System?

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Definitions:

Positive Reinforcement

Any pleasant or desirable consequence that follows a response and increases the probability that the response will be repeated.

Punishment

A consequence that reduces the likelihood of a behavior being repeated in the future.

Shaping

A method of training or teaching that involves reinforcing behaviors that are progressively closer to the desired behavior.

Secondary Reinforcer

A reinforcer that is acquired or learned through association with other reinforcers.