The presidents of each of the district Federal Reserve banks (including the New York Federal Reserve bank) are currently not required to undergo a formal political appointment and approval process. Do you think this is appropriate?
What will be an ideal response?
Answer: Maybe. A formal approval process is lengthy, which might leave some Federal Reserve districts without leadership, possibly creating more problems than it solves.
You might also like to view...
Refer to Table 16.2. Nominal GDP for Fredonia for 2016 equals
A) $2,750. B) $3,500. C) $4,325. D) $5,500.
If a nation opens up to free trade and becomes an importer of goods, which of the following is then true?
A) The nation as a whole loses. B) Sellers gain. C) Buyers gain. D) Buyers lose.
A network externality refers to a situation in which the usefulness of a product decreases with the number of consumers who use it
Indicate whether the statement is true or false
If a corporation fails, the last recipients of funds that may remain are
A) preferred stockholders. B) common stockholders. C) bond holders. D) government tax collectors.