Trump's Community Bank Approach to the Federal Reserve
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Business, Social Studies
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main reason for submitting names of community bankers to the Fed Board of Governors?
To increase the number of board members
To ensure representation of Main Street America
To replace all current board members
To follow a new government mandate
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What challenge does the Fed face in trying to remain apolitical?
Inability to implement monetary policy
Noise and influence from the political environment
Pressure from international markets
Lack of qualified candidates
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How might the approach of community bankers differ from the current board members?
They would have a better understanding of Main Street issues
They would focus more on international trade
They would prioritize the needs of large corporations
They would implement stricter monetary policies
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important for district presidents to have a voice in the FOMC?
They can implement policies faster
They can reduce the number of board meetings
They have a better understanding of local economies
They have more experience in international finance
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential benefit of increasing the influence of district presidents in the FOMC?
It would lead to more centralized decision-making
It would provide a more grounded perspective on the economy
It would reduce the workload of the Board of Governors
It would increase the number of policies implemented
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