The mandate for the monetary policy goals that has been given to the Federal Reserve System is an example of a ________ mandate.
A)primary
B)dual
C)secondary
D)hierarchical

Question

Quizplus · Accepted Answer

The dual mandate given to the Federal Reserve System includes promoting maximum employment and stable prices (low inflation). This means that the Fed must consider both when making monetary policy decisions. Therefore, it is an example of a dual mandate.

The Mandate for the Monetary Policy Goals That Has Been