In the United States, monetary policy is formed by:
A. the President and approved by Congress.
B. committee.
C. the Chairman of the Federal Reserve and can only be overturned by the presidents of the Regional Federal Reserve Banks.
D. an individual advised by a close group of people.
Answer: B
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What will be an ideal response?
The average value added per U.S. farm worker is about __________ times that of farm workers in low- and middle-income countries
a. one half b. one c. ten d. seventy-five e. five hundred
The demand for loanable funds comes from:
A. investment. B. savings. C. the government printing money. D. households spending on nondurable goods.
If people decide to hold less money as currency and more as checking deposits, this will most likely cause
a. a decrease in bank reserves. b. a decrease in required reserves. c. an increase in the discount rate. d. an increase in the money supply.