The Fed Has the Power to Increase or Decrease the Number

question 31

Multiple Choice

The Fed has the power to increase or decrease the number of dollars in the economy through the decisions of

• A)the Board of Governors.
• B)the FOMC.
• C)the regional Federal Reserve Bank presidents.
• D)the U.S.Treasury.

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Definitions:

Assignment

The transfer of a contract right from one person to another.

Frustration of Purpose

A legal defense allowing parties to terminate a contract when an unforeseen event undermines the contract's principal purpose, rendering it impossible to fulfill.

Doctrine

A belief or set of beliefs held and taught by a church, political party, or other group.

Intention

A psychological state involving a commitment or determination to carry out a specific action or achieve a specific outcome.