Prior to 1980,the Fed Set an Interest Rate ________ That

question 50

Multiple Choice

Prior to 1980,the Fed set an interest rate ________ that is a maximum limit on the interest rate that could be paid on time deposits.

• A)floor
• B)ceiling
• C)wall
• D)window

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Definitions:

Conservation

The act of preserving, protecting, or restoring the natural environment, natural ecosystems, vegetation, and wildlife to prevent depletion or destruction.

Cognitive Development

The process of growth and change in intellectual/mental abilities such as thinking, reasoning, and understanding.

Centration

In developmental psychology, the tendency of children in the preoperational stage to focus on one aspect of a situation while neglecting others.

Problem

A situation, question, or item that presents difficulty or requires a solution.