Determine Whether the Following Passage Is (Or Contains)an Argument

question 24

Short Answer

Determine whether the following passage is (or contains)an argument.
"The Federal Reserve Board is normally the Stealth bomber of government agencies,zooming in without warning to raise or lower interest rates,and confirming weeks later what action was taken.But last Friday,in an extraordinary pre-emptive strike against a possible surge of inflation,the Federal Reserve Chairman declared that the central bank had raised short-term rates that very day."

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Definitions:

Court Order

A legal document issued by a judge or court that requires or prohibits specific actions by the parties involved.

Consent

The voluntary agreement to or approval of what is done or proposed by another; an essential element of contracts.

Scienter

A legal term referring to the knowledge of wrongdoing, especially with intent to deceive or defraud.

Securities Exchange Act

A U.S. federal law regulating the trading of securities, such as stocks and bonds, in order to protect investors from fraudulent practices.