Most of the Key Decisions of the Federal Reserve Are

question 44

True/False

Most of the key decisions of the Federal Reserve are actually made by its Federal Open Market Committee.

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Definitions:

Notice-and-Comment

A procedure required by law whereby a government agency must publish a proposed rule and allow the public to comment on it before it becomes enacted.

Hybrid

Anything that combines two different components, systems, or technologies to create something that has elements of both, often with an aim to gain specific advantages.

Federal Independent Agencies

Agencies that exist outside of the federal executive departments (those headed by a Cabinet secretary) and are designed to enforce and regulate specific matters.

Board of Commissioners

A group of elected or appointed members who oversee the administrative and legislative functions of a county or local government.