The President of Which Federal Reserve Bank Is Always a Voting

question 89

Multiple Choice

The president of which Federal Reserve bank is always a voting member of the Federal Open Market Committee?

• A)Philadelphia
• B)Boston
• C)Chicago
• D)New York

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Definitions:

Negotiability

The characteristic of a financial tool that permits its transfer or assignment from one entity to another in return for value.

Preponderance Of The Evidence

A standard of proof in civil cases, requiring that a party's argument is more likely to be true than not based on presented evidence.

Manner Of Performance

Refers to the way in which an obligation, task, or duty is to be executed or fulfilled according to the terms of an agreement or contract.

IOU

An informal document that acknowledges a debt owed.