Why Does the President of the Federal Reserve Bank of New

question 125

Multiple Choice

Why does the president of the Federal Reserve Bank of New York hold a permanent seat on the FOMC?

• A) The New York Fed is responsible for executing open market operations.
• B) A substantial amount of financial activity takes place in New York City.
• C) The Fed Board of Governors holds its regularly scheduled meetings in New York City.
• D) The Federal Reserve Bank of New York is the original Fed district; the other eleven districts were formed later by the Banking Act of 1935
• E) a and b

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Definitions:

Alcohol Swab

A small pad saturated with alcohol used for cleaning or disinfecting the skin, especially before an injection.

Medication Order

A formal directive given by a healthcare professional for the administration of a specific drug to a patient.

Registered Nurse

A healthcare professional who has completed the necessary education and licensing to provide patient care and support.

Medication Error

A preventable event that may cause or lead to inappropriate medication use or patient harm while the medication is in the control of the healthcare professional, patient, or consumer.