Federal Reserve Governors Are Given Long Terms to Insulate Them

question 138

True/False

Federal Reserve governors are given long terms to insulate them from politics.

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Definitions:

Destructive Bargaining

Negotiation tactics that seek to undermine or diminish the position of the other party, rather than working toward mutual benefit.

Contract Negotiations

The process of discussing terms and details between parties in order to reach a mutual agreement for a contract.

First Amendment

Part of the Bill of Rights in the United States Constitution, protecting freedoms of speech, religion, press, assembly, and petition.

NLRB

The National Labor Relations Board, a federal agency overseeing the enforcement of labor laws in relation to collective bargaining and unfair labor practices in the U.S.