BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Why is it important to protect members of the Federal Reserve Board of Governors fro political pressures?
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Political pressures could lead to one district being over-represented.
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Political pressures could lead to reappointment.
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Political pressures always favor the wealthy.
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Political pressures could cause them to make poor decision.
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Explanation:
Detailed explanation-1: -Political pressures could cause them to make poor decisions.
Detailed explanation-2: -Promoting Financial System Stability The Federal Reserve monitors financial system risks and engages at home and abroad to help ensure the system supports a healthy economy for U.S. households, communities, and businesses.
Detailed explanation-3: -Board Responsibilities The Board oversees the operations of the 12 Reserve Banks and shares with them the responsibility for supervising and regulating certain financial institutions and activities.
Detailed explanation-4: -The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.
There is 1 question to complete.