Appointments to the Federal Reserve Board Are Staggered So That

question 70

Multiple Choice

Appointments to the Federal Reserve Board are staggered so that one expires every other year.This provision was enacted to ensure:

• A) that Federal Reserve Board members would serve their entire term.
• B) that the Fed would be accountable to Congress.
• C) stability and continuity on the Board.
• D) that regional considerations would not impact the Board's decisions.

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Definitions:

Personal Costs

The sacrifices or losses endured by an individual as a consequence of making a decision or taking an action.

Prosocial Behaviour

Actions intended to benefit others, including helping, sharing, and caring activities that promote social harmony and well-being.

Displaying

The act of showing or demonstrating something, often for the purpose of communication or presentation.

Socialisation

The process by which individuals learn and internalize the values, beliefs, and norms of their culture or society.