One Key Difference Concerning the Communications from the Fed's FOMC

question 80

Multiple Choice

One key difference concerning the communications from the Fed's FOMC and the European Systems Governing Council is:

• A)The leaders of the FOMC answer questions from the financial press after their meetings
• B)The president and vice-president of the Governing Council hold a news conference after their regular monthly meetings; the leaders of the FOMC hold no such conference
• C)The Governing Council meetings are open to the public, the FOMC meetings are not
• D)The statement from the FOMC is typically longer and more detailed than that from the Governing Council

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Definitions:

Insurer

The party who receives payments from the insured party and makes the payment to the beneficiary.

Mailbox Rule

A rule which holds that an acceptance is valid when it is placed in the mailbox, whereas a revocation is effective only when received by the offeree. In some jurisdictions the mailbox rule has been expanded to faxes.

Automobile Insurance

A type of insurance policy that provides financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise.

Premium

An amount paid periodically to the insurer by the insured for covering his risk or the cost above the nominal value of something.