Which of the Following Statements Is Incorrect

question 85

Multiple Choice

Which of the following statements is incorrect?

• A)The Federal Reserve Open Market Committee determines fiscal policy actions for the Congress.
• B)The Board of Governors of the Federal Reserve is appointed, not elected.
• C)The Federal Reserve System was designed to be independent of the executive branch of the government.
• D)The chairman of the Board of Governors serves a four-year term.
• E)The Federal Reserve districts are distributed geographically to serve the particular interests of each region.

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Definitions:

Appellate Courts

Courts with the authority to review and revise decisions made by lower courts, ensuring legal errors are corrected.

Questions of Law

Issues regarding the interpretation or application of laws that are decided by a judge, not a jury.

High Courts

The superior courts in certain jurisdictions that typically have appellate jurisdiction and sometimes original jurisdiction.

Civil Cases

Legal disputes between two or more parties in which compensation may be awarded to the victim.