The Most Important Responsibility of the Fed Is to

question 163

Multiple Choice

The most important responsibility of the Fed is to

• A) clear checks.
• B) supervise member banks.
• C) serve as fiscal agent for the U.S.Treasury.
• D) control the money supply.

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Definitions:

Higher-Order Conditioning

A process in classical conditioning by which a stimulus that was previously neutral becomes conditioned by being paired with another conditioned stimulus.

Extinction

In behavioral psychology, the gradual weakening and eventual disappearance of a conditioned response.

Stimulus Generalization

The psychological phenomenon where a response to a specific stimulus becomes triggered by stimuli that are similar in nature.

Conditioned Response

The learned response to a previously neutral stimulus that has become associated with an unconditioned stimulus through classical conditioning.