Author Question: What is one way in which the Federal Reserves Board of Governors is politically insulated? a. ... (Read 42 times)

D2AR0N · **on:** Jul 9, 2018

What is one way in which the Federal Reserves Board of Governors is politically insulated?

a. Members are elected by the people rather than appointed by the president.
b. The members rely on Congress for their salaries.
c. The members serve life terms.
d. The president cannot fire any member before the end of the 14-year term.
e. They receive their authority from the international economic community.

Question 2

The purpose of the Federal Reserve System is to

a. establish the annual federal budget.
b. help manage the supply of money and credit.
c. print currency.
d. reduce the federal deficit.
e. spur inflation.