Which of the Following Statements About the Federal Reserve Board

question 23

Multiple Choice

Which of the following statements about the Federal Reserve Board (FRB) is FALSE?

• A) The FRB is part of the Department of the Treasury.
• B) The FRB is the main organization for setting monetary policy.
• C) The members of the FRB are selected by the president and confirmed by the Senate.
• D) The president cannot remove at will the members of the FRB.
• E) The FRB sets the federal funds rate.

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Definitions:

Shareholder Value

A business perspective that emphasizes the importance of maximizing the returns to shareholders as the primary goal of any company.

Financial Techniques

The methods and tools used by businesses and investors to assess, manage, and optimize their financial resources and investments.

Management Preoccupation

refers to the extensive focus or obsession of management on particular policies, operations, or areas of concern within an organization.

Global Economy

The interconnected and interdependent nature of the world's economies, where international trade, investment, and information exchange play crucial roles in economic development and policy.