When the Term Bureaucracy Was First Coined, It Referred to Fast

question 131

True/False

When the term bureaucracy was first coined, it referred to fast, effective, and rational administration.

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Definitions:

Store of Value

An asset, commodity, or currency that retains its value over time, allowing it to be saved, retrieved, and exchanged at a later time.

Board of Governors

The leading body of the Federal Reserve System, overseeing the U.S. banking system.

Fed

The Federal Reserve System, which is the central banking system of the United States, responsible for monetary policy.

Loans

Money, goods, or services provided to an individual or entity with the expectation of repayment over time with interest.