Giving the Fed a high degree of independence means all but:
A) the Fed governors will not be as tempted by political pressure.
B) it is less likely to expand the money supply simply to make it cheaper for the government to repay its debt.
C) technocrats-rather than politicians-are in charge, which tends to increase people's trust in the stability of the dollar.
D) The federal government will not have to borrow to finance its budget deficit.
Correct Answer:
Verified
Q88: The Board of Governors:
A) are experts in
Q89: The Federal Reserve:
A) is fairly independent of
Q90: The twin responsibilities of the Federal Reserve
Q91: In order to change the money supply,
Q92: The twin responsibilities of the Federal Reserve
Q94: The Board of Governors is made up
Q95: The Board of Governors is made up
Q96: The entity that carries full responsibility for
Q97: The "dual mandate" refers to the:
A) twin
Q98: The chairman of the Federal Reserve is
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