What Step Does the Board of Governors of the Fed

question 39

Essay

What step does the Board of governors of the Fed take to ensure that the Fed does not built itself into an inefficient bureaucracy?

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Definitions:

Internal Forces

Factors within an organization, such as employees' skills, corporate culture, and management policies, influencing its operations and performance.

Organisational Change

An ongoing process of altering an organization's strategies, structures, procedures, technologies, or culture to handle new challenges or opportunities.

System

A set of connected elements or components that work together for a particular purpose.

Predatory Pricing

A pricing strategy where a company sets prices below costs to eliminate competition and gain market control.