Members of the Board of Governors Serve 14-Year Nonrenewable Terms

question 24

True/False

Members of the Board of Governors serve 14-year nonrenewable terms.

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Definitions:

Expected Rate of Profit

Expected profits divided by money invested.

Disposable Income

The sum of funds households can spend and save after deducting income taxes.

APS

Average Propensity to Save, which measures the proportion of income that is saved rather than spent.

Capacity Utilization Rate

The percentage of a firm's total potential production capacity that is actually being utilized in the production of goods or services.