According to the Ethics in Government Act,former Members of Congress

question 38

Multiple Choice

According to the Ethics in Government Act,former members of Congress are not permitted to lobby Congress for __________ after leaving that body.

• A)one year
• B)two years
• C)five years
• D)ten years

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Definitions:

Federal Funds Market

A financial market that allows banks to borrow or lend excess reserves to one another, typically overnight, at an interest rate called the federal funds rate.

Discount Window

A monetary policy tool used by central banks, providing short-term loans to commercial banks to help them meet reserve requirements or alleviate liquidity shortages.

Reserve Deficiency

A situation in which a bank does not have enough reserves to meet the central bank's requirements.

Federal Reserve Districts

Geographic regions in the United States, each with a specifically designated Federal Reserve Bank, responsible for implementing the nation's monetary policy.