All of the Following Are Examples of the Independence of the U.S

question 2

Multiple Choice

All of the following are examples of the independence of the U.S. Federal Reserve System EXCEPT that:

• A) the Federal Reserve Act does not explicitly prohibit legislative interference in monetary policy.
• B) Federal Reserve Governors are appointed for 14-year terms.
• C) the Federal Reserve controls its own budget.
• D) the Federal Reserve is under no obligation to finance the national deficit.

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Definitions:

Illegal

Activities or actions that are prohibited by law and subject to penalties.

Requirement

A requirement refers to a condition or specification that must be met or complied with.

Effective

Having the intended or expected result or coming into force.

Writing

Writing refers to the recording of characters on a medium, enabling communication or documentation across time and space.