Yellen Says Fed's Independence Is Being Threatened
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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of including Presidents of reserve banks in the Monetary Policy Committee?
To follow government directives
To bring diverse opinions and information
To ensure uniformity in decision-making
To increase the speed of decision-making
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the 'Audit the Fed' bill primarily concerned with?
Increasing the number of reserve banks
Ending the independence of monetary policy decisions
Enhancing the power of the President
Reducing the interest rates
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What would the second bill mentioned in the transcript require the Monetary Policy Committee to do?
Hold public hearings before decisions
Consult with international banks
Increase transparency in their meetings
Follow a simple mathematical rule in setting interest rates
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is the independence of the Monetary Policy Committee considered important?
It shields decisions from short-term political pressures
It ensures decisions are made by the President
It allows for faster decision-making
It increases the number of committee members
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the independence of the Monetary Policy Committee benefit the US?
By reducing the number of reserve banks
By improving macroeconomic performance
By aligning with international policies
By ensuring decisions are made quickly
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