07. Decisions by the Federal Reserve Bank a) must be approved by the President and Congress. b) become effective only if executed by the President. c) do not require anyone's approval. d) are sometimes overturned by the Supreme Court. O e) must be approved by the Advisory Board made up of representatives of member banks.
07. Decisions by the Federal Reserve Bank a) must be approved by the President and Congress. b) become effective only if executed by the President. c) do not require anyone's approval. d) are sometimes overturned by the Supreme Court. O e) must be approved by the Advisory Board made up of representatives of member banks.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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B3B4
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Step 1: Define central bank
“Since you have asked multiple questions, we will answer the first question for you. If you want any specific question to be solved, then please specify the question number or post only that question.”
This can be described as the central authority of the banking system of that particular nation. The main responsibility of this bank is to maintain stability in the economy especially in the level of prices of commodities and services by increasing or decreasing of the supply of money by using different tools according to the situation
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