Thursday
October 23, 2014

Homework Help: English

Posted by Rose on Thursday, June 19, 2008 at 7:02pm.

(1) When Congress passed the Federal Reserve Act of 1913, it gave the Federal Reserve Board a free hand in steering the economy. (2) The President, while charged with appointing the chair and board members, has no direct role to play in the Boardís policy decisions. (3) One of the most obvious conflicts between the Board and the Chief Executive occurred in 1980, while then-President Carter was in the midst of his reelection campaign. (4) Six weeks before Election Day, the Board increased the discount rate, the fee charged for loans to banks and savings institutions. (5) The predictable backlash against the move may well have been the final nail in Carterís political coffin.
1) In revising the paragraph above, you decide that you want to add the following sentence: ďOver the years, the freedom from presidential influence has led to numerous conflicts between the political goals of the White House and the economic goals of the Board.Ē The best place to insert this sentence is
A) before sentence 1
B) between sentences 1 and 2
C) between sentences 2 and 3
D) after sentence 5

2) Which of the following is the best revision of sentence 5?
A) The predictable fallout from the move may well have been the final nail in Carterís political coffin.
B) The predictable reaction against the move may well have driven the final nail into Carterís political coffin.
C) The predictable backlash against the move may well have destroyed Carterís political coffin.
D) The predictable about-face regarding the move may well have been the final nail in Carterís political platform

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