Members of the Federal Reserve Board

question 6

Multiple Choice

Members of the Federal Reserve Board

• A)serve for variable terms and are exposed to high levels of political pressure.
• B)have no power to refuse congressional requests for information.
• C)are appointed by the president and can be removed by the Senate.
• D)are appointed by Congress and can be removed by Congress.
• E)are appointed by the president and are not subject to removal.

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Definitions:

CPI

This index, named the Consumer Price Index, assesses the cumulative weighted prices of a collection of consumer-related goods and services, with categories including transportation, healthcare, and food.

Property Tax

A tax on property, usually real estate, that owners pay to local governments, based on the assessed value of the property.

Assessed Value

The valuation placed on property by a public tax assessor for purposes of taxation.

Tuition Fee Increases

Refers to the rise in the cost of education at institutions such as universities and colleges over time.