Which of the following statements is correct?
A) The Fed is fully insulated from external pressures due to the long terms that members of the Board of Governors serve.
B) The Fed is fully insulated from external pressures because it does not need to go through the normal congressional appropriations process.
C) The Fed is fully insulated from external pressures because it has a constitutional mandate.
D) The Fed is only partially insulated from external pressures.
Correct Answer:
Verified
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