Which Is the Most Accurate Statement

question 348

Multiple Choice

Which is the most accurate statement?

• A)The members of the Fed are appointed by the president and can be made to resign by the president.
• B)The chairman of the Board of Governors of the Fed is elected by the Board to a 4-year term.
• C)Once a Board member has been appointed by the president and confirmed by the Senate,she or he is not answerable to the president or Congress.
• D)There is virtually unanimous opinion that for a group of unelected officials,the Federal Reserve Board has way too much power.

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Definitions:

Maintenance Costs

The expenses incurred to keep an asset in working condition or restore it to proper operation.

Least-Squares Regression

A statistical method used to determine the line of best fit by minimizing the sum of the squares of the differences between observed values and those predicted by a linear function.

Machine-Hours

A measure of production time, calculating the total hours a machine is operated within a specific period.

Inspection Costs

Expenses incurred to ensure that products or services meet specified quality and safety standards before being sold or delivered.