Members of the Federal Reserve Board of Governors are appointed for one fourteen-year term so that they:
A. Have time to learn how the Fed operates.
B. Are more likely to make politically acceptable decisions.
C. Make their decisions based on economic, rather than political, considerations.
D. Have enough time to travel to all 12 regional banks.
C. Make their decisions based on economic, rather than political, considerations.
You might also like to view...
Refer to Figure 4-11. What is the value of producer surplus after the imposition of the price floor?
A) $3,000 B) $3,600 C) $4,200 D) $4,500
Which of the following is the most liquid form of asset?
a. Small time deposits b. Large time deposits c. Savings accounts d. Money market mutual fund (MMMF) balances e. Travelers' checks
How does competition from nonunion firms and foreign producers affect the ability of a union to increase the wages of its members?
a. Such competition makes it easier for the union to achieve wage increases. b. Such competition reduces the ability of a union to achieve wage increases. c. Such competition does not affect the ability of a union to achieve wage increases. d. Such competition will increase the strength of a union if it produces a product sold in the domestic market but will reduce the strength of the union if it produces an export product.
If the national debt is owned by domestic citizens,
A. the debt will not have to be repaid. B. future interest payments transfer funds from one group of Americans to another. C. the debt will have to be repaid first to domestic creditors, then to foreign creditors. D. future interest payments will go to pay foreign debt first, then debt owed to American citizens.