Which of the Following Is a Provision of the Federal

question 155

Multiple Choice

Which of the following is a provision of the Federal Reserve Act or subsequent legislation that contributes to the independence of the Fed?

• A) The Fed's actions are subject to executive branch control.
• B) Appointments to the Federal Reserve Board are staggered so that one expires every other year.
• C) Members of the Federal Reserve Board cannot be reappointed.
• D) The Federal Reserve System is subject to Congressional oversight.

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Definitions:

Unrealised Profits

Earnings generated on paper from investments or sales yet to be finalized through actual transaction or cash exchange.

Joint Venture Investment Account

An account that records the initial and ongoing financial contributions made by the partners of a joint venture, adjusted for their share of profits, losses, and distributions.

Transfer of Assets

The act of moving resources or property from one entity to another, which may involve financial, physical, or intangible assets.

Deferred Exploration Expenditure

Costs incurred in exploratory activities in mining and oil and gas companies that are capitalized as an asset on the balance sheet until the resources are found to be economically viable.