All of the Following Help Make the Fed Independent of the Political

question 81

Multiple Choice

All of the following help make the Fed independent of the political process EXCEPT

• A)financial independence.
• B)chair of Fed receives a lifetime appointment.
• C)Board members receive a long, nonrenewable appointment.
• D)Board members' terms expire at different times, reducing the possible number of appointees by any one president.

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Definitions:

Economic Markets

Systems or environments within which parties engage in exchange of goods, services, or information.

Business Flexibility

The ability of a company to adapt quickly and efficiently to changes in its external environment, including market demands, technology, and regulatory shifts.

Taylorism

A theory of management that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity, also known as scientific management.

Cross-Training

The practice of training employees to perform multiple roles or to undertake tasks outside their traditional responsibilities.