Which of the Following Entities Is Responsible for Setting the Discount

question 93

Multiple Choice

Which of the following entities is responsible for setting the discount rate which then influences interest rates in the United States?

• A) Congress
• B) the Office of Management and Budget
• C) the Executive Office of the President
• D) the Federal Reserve Board

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Definitions:

Piaget's Ideas

The theories of cognitive development proposed by Jean Piaget, emphasizing how children progress through distinct stages of development.

Transitivity

Principle that says if a relation holds between a first object and a second object, and holds between the second object and a third object, then it holds between the first object and the third object. Piaget argued that an understanding of transitivity is characteristic of concrete operational thought.

Logical

Pertaining to the use of reason and systematic thinking to analyze and form judgments.

Seriation

The concrete operation that involves ordering stimuli along a quantitative dimension (such as length).