The Federal Reserve

question 87

Multiple Choice

The Federal Reserve

• A)is not considered one of the more independent central banks
• B)is insulated from politics by the staggered 14-year appointments of Board members and by having its own source of income
• C)is more concerned with generating income than it is with achieving price stability
• D)is answerable to Congress and must do its bidding
• E)is answerable to the President and must do his bidding

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Definitions:

Turing Test

A measure of a machine's ability to exhibit intelligent behavior equivalent to, or indistinguishable from, that of a human.

Expert System

A computer system that emulates the decision-making ability of a human expert, used to solve complex problems by reasoning through bodies of knowledge.

Neural Networking

A computer system modeled on the human brain's network of neurons, designed to recognize patterns and solve complex problems.

Machine Learning

A subset of artificial intelligence involving algorithms and statistical models that enable computers to perform tasks without explicit instructions.