As a Result of the 2007-2009 Financial Crisis, Which of the Following

question 77

Multiple Choice

As a result of the 2007-2009 financial crisis, which of the following has been proposed as a change to the Federal Reserve?

• A)Changing the appointment process for Reserve Bank Presidents
• B)Increasing the number of regional banks to 15
• C)Limiting the number of consecutive terms a Chairman may serve
• D)Linking the FOMC to the US Treasury by making the Secretary of the Treasury a member of the FOMC

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Definitions:

Emigration

The act of leaving one's country to settle in another, often for reasons such as seeking better economic opportunities or escaping unfavorable conditions.

Low-wage Nation

A country where the general level of wage rates is significantly lower than that in developed countries, often linked to different economic or living cost standards.

United States

A country located in North America, known for its large economy, diverse population, and federal system of government.

Immigrate

To enter and settle in a country or region to which one is not native, often for permanent residency or employment.