Factors That Provide the Federal Reserve with a High Degree

question 52

Multiple Choice

Factors that provide the Federal Reserve with a high degree of independence include

• A) 14-year terms for members of the Board of Governors.
• B) a four-year term for the chairman of the Board of Governors that is not coincident with the president's term of office.
• C) constitutional independence from Congress and the president.
• D) all of the above.
• E) only A and B of the above.

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Definitions:

Neglect

The failure to provide necessary care, attention, or support to someone or something, leading to potential harm or deterioration.

Major Tasks

Principal or significant duties and responsibilities that are essential to the proper execution of a job or project.

Working Smarter

Strategies or approaches that enhance productivity not just through hard work but by optimizing efficiency, creativity, and prioritization of tasks.

Procrastination

The act of delaying or postponing tasks, decisions, or actions, often leading to stress, anxiety, and reduced productivity.