Maria's conclusion to her essay on the Federal Reserve System reads, "While the Fed is still controversial in some fringe groups, most Americans know that the Fed set the interest rate to 1.75% in October 2019." What is the best rewrite of her conclusion?(1 point)
Responses
No change is necessary.
No change is necessary.
President Woodrow Wilson established the Federal Reserve bank in 1913, yet it was not enough to prevent the Great Depression.
President Woodrow Wilson established the Federal Reserve bank in 1913, yet it was not enough to prevent the Great Depression.
While the Fed is still controversial in some fringe groups, most Americans appreciate the stability it brings to our financial system.
While the Fed is still controversial in some fringe groups, most Americans appreciate the stability it brings to our financial system.
Interest rates affect mortgages and retirement savings, so most Americans know that the Fed set the interest rate to 1.75% in October 2019.
While the Fed is still controversial in some fringe groups, most Americans appreciate the stability and influence it brings to our financial system.
Interest rates affect mortgages, loans, and savings, so it is important for most Americans to know that the Fed set the interest rate to 1.75% in October 2019.
While the Fed is still controversial in some fringe groups, most Americans appreciate the stability it brings to our financial system.
The best rewrite of Maria's conclusion would be: "While the Fed is still controversial in some fringe groups, most Americans appreciate the stability it brings to our financial system."
To determine the best rewrite, we need to consider the original conclusion and the context of the essay. Maria's essay is likely focused on the Federal Reserve System and its role in the US economy. The original conclusion mentions the controversy surrounding the Fed, but it then abruptly shifts to mentioning the specific interest rate set by the Fed in October 2019. This shift in focus feels disconnected from the main argument of the essay.
The rewritten conclusion, "While the Fed is still controversial in some fringe groups, most Americans appreciate the stability it brings to our financial system," maintains the focus on the controversy surrounding the Federal Reserve while providing a concluding statement that is more relevant to the topic of the essay. This revised conclusion effectively summarizes the main point of the essay and ties back to the initial mention of controversy in the original conclusion.