ECONOMICS
FEDERAL RESERVE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They are elected by the people separately.
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The president cannot remove them once they are appointed.
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They both can serve for life
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The Congress cannot remove them through impeachment
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Detailed explanation-1: -The term “independent regulatory agency” is used to refer to Federal agencies that have been established by Congress to have a certain amount of independence from the President.
Detailed explanation-2: -Both independent regulatory agencies and government corporations have: Leaders and/or members who do not serve at the pleasure of the president and therefore cannot be dismissed without cause. An organizational structure not directly responsible to the executive.
Detailed explanation-3: -Under Article II of the Constitution, the President is responsible for the execution and enforcement of the laws created by Congress.
Detailed explanation-4: -These commissions are marked by the following features: The functions of these commissions are of a mixed nature-administrative, quasi-legislative, and quasi-judicial. They frame rules and regulations, execute these rules and hear appeals against their own decisions.