The Federal Reserve

question 87

Multiple Choice

The Federal Reserve

• A)is not considered one of the more independent central banks
• B)is insulated from politics by the staggered 14-year appointments of Board members and by having its own source of income
• C)is more concerned with generating income than it is with achieving price stability
• D)is answerable to Congress and must do its bidding
• E)is answerable to the President and must do his bidding

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Definitions:

Relative Concept

An idea or measurement that is understood in relation or comparison to something else, not absolute.

Absolute Concept

A theory or principle that is considered universally valid or applicable, without any conditions or exceptions.

Inner-City Communities

Urban neighborhoods that may be characterized by higher-density housing, lower income levels, and often, but not always, higher rates of crime and poverty.

Social Organization

The structured arrangement of relationships and roles within a society, guiding how members interact and behave.