To Say That the Fed Has Some Independence Means That

question 107

Multiple Choice

To say that the Fed has some independence means that it

• A)accepts deposits from whomever it desires
• B)can ignore the macroeconomic goals of the United States
• C)can adopt policies without the approval of the Congress and the president
• D)is a private commercial bank
• E)does not have to report its monetary policy to Congress

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Definitions:

Satisfy Customer Needs

The process of meeting or exceeding customer expectations to encourage loyalty and repeat business.

Monetary Outlay

The amount of money spent on a specific item, service, or activity.

Measure

A method or tool used to quantify or assess a variable or condition.

Value

Refers to the importance or worth that a product or service has in the eyes of the consumer, often influencing their purchasing decisions.