The purpose of having the members of the Board of Governors of the Federal Reserve serve fourteen-year terms is to:
A. ensure that the governors become well-experienced at policymaking.
B. insulate the governors' policy decisions from the influence of presidential elections and politics.
C. promote unity of opinion from shared time together.
D. establish long-standing ties with high-level officials of other nations' central banks.
Answer: B
You might also like to view...
Mobile source standards in the U.S. are solely benefit-based, which means they are set
a. to achieve allocative efficiency b. to maximize total social benefits c. at the point where MSB is maximized d. at the abatement level where MSC is zero e. none of the above
In the 1990s Japan had the lowest interest rates in the world due to a combination of
A) inflation and recession. B) deflation and expansion. C) inflation and expansion. D) deflation and recession.
The Aluminum Company of America (Alcoa) had a monopoly until the 1940s because
A) it was a public enterprise. B) it had a patent on the manufacture of aluminum. C) the company had a secret technique for making aluminum from bauxite. D) it had control of almost all the available supply of bauxite.
The size of the underground economy would tend to decrease if the government of a country
A) increased income tax rates. B) increased business taxes. C) decreased government regulations on businesses. D) made over-the-counter drugs illegal.