Which of the Following Is NOT a Correct Statement

question 121

Multiple Choice

Which of the following is NOT a correct statement?

• A)The country has 12 Federal Reserve districts.
• B)The Federal Open Market Committee carries out open market operations.
• C)A majority of private banks are not part of the Federal Reserve System.
• D)The Fed chairman is appointed by the president for 14 years.
• E)The Senate ratifies the president's appointment of the chairman of the board of governors of the Fed.

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Definitions:

Attributes

Characteristics or features of a product, person, or thing, often considered in evaluation or decision-making.

Trickle-down Theory

An economic hypothesis that posits that benefits granted to the wealthy will eventually trickle down to the poorer members of society, improving the economy as a whole.

Sociological Model

A framework for understanding social behaviors, structures, and patterns within a society.

Revolutionary

Related to or involving dramatic and wide-reaching change, especially in social or political structures.