The "dual mandate" refers to the:
A. orders given to both the Federal Reserve and the Treasury department to ensure price stability.
B. role that the Fed has by being a governmental agency but also must act in the best interest of all citizens of the United States.
C. twin responsibilities of the Federal Reserve, to use monetary policy to ensure price stability and maintain full employment.
D. responsibility given to the Federal Reserve and the Congress to conduct monetary and fiscal policy respectively, to ensure price stability.
Answer: C
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On a balance sheet, short-term debts such as accounts payable are listed as
A) current liabilities. B) stockholder's equity. C) goodwill. D) current assets.
What was particularly significant about the failure of the Bank of New England in 1991?
A) It was the FDIC's first use of the purchase and assumption method. B) It fell under the FDIC's "too big to fail" policy. C) The FDIC had to delay bank liquidation due to lack of funds. D) The FDIC began its policy of insuring checkable deposits fully.
First-past-the-post voting structures tend to lead to a:
A. two-party system. B. three-party system. C. one-candidate system. D. multi-party system.
Where are the most economically advanced capitalist countries located?
a. Western Europe b. North America c. New Zealand d. All of the above are locations of some of the most economically advanced capitalist countries.