Multiple Choice
All of the following are examples of U.S.Federal Reserve System independence except that:
A) the Federal Reserve Act does not explicitly prohibit legislative interference in monetary policy.
B) Federal Reserve Governors are appointed for 14-year terms.
C) the Federal Reserve controls its own budget.
D) the Federal Reserve is under no obligation to finance the national deficit.
Correct Answer:
Verified
Correct Answer:
Verified
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