Which Statement Is True

question 159

Multiple Choice

Which statement is true?

• A)The Fed failed to perform its lender of last resort job after the emergency created by the terrorist attacks on 9/11.
• B)Thanks to the Check Clearing for the 21^st Century Act,the use of checks as a medium of exchange should disappear within a few years.
• C)The Chinese government and central bank has a significant influence over long-term interest rates in the U.S.
• D)The Fed changes the federal funds rate in exactly the same manner in which it changes the discount rate.

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Definitions:

Determined

Having a firm decision or a strong will to achieve a particular goal, often characterized by persistence and perseverance.

Competence

The ability of an individual to do a job properly, encompassing knowledge, skills, and experience.

Intrinsic Motivation

A type of motivation driven by an interest or enjoyment in the task itself, rather than external pressures or rewards.

Social Reinforcement

The process of encouraging or strengthening a particular behavior through positive feedback or rewards from others.