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You want to make sure that you will get to work on time. You call a co-worker who is always punctual and ask her to meet you for coffee before work the next morning, because you know you'll be more likely to be on time if someone is waiting to meet you. You are using a strategy called:
Board of Governors
A leading body of a central banking system, such as the Federal Reserve in the United States, responsible for overseeing the bank's policies and operations.
Appointed
A term referring to individuals who have been selected and assigned roles or positions, often within a governmental or organizational setting, without requiring an election or competitive selection process.
Elected
Refers to the process of choosing or selecting someone to hold a public office or some other position by voting.
Open-Market Operations
Purchases and sales of government securities by the Fed in an effort to influence the money supply.
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