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
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.
No change is necessary.
No change is necessary.
Interest rates affect mortgages and retirement savings, so most Americans know that the Fed set the interest rate to 1.75% in October 2019.
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 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.
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 is: "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 context and purpose of the essay. Maria's essay is focused on the Federal Reserve System and its role in setting interest rates. The original conclusion mentions the specific interest rate set by the Fed in October 2019, but it doesn't directly connect to the main point of the essay or provide a clear summary of the overall argument.
The first option, talking about President Woodrow Wilson and the Great Depression, is not relevant to the main topic of the essay and does not address the conclusion's need for a clearer summary.
The second option, "No change is necessary," is not appropriate because the original conclusion could be improved.
The third option, discussing the impact of interest rates on mortgages and retirement savings, does not directly address the main point of the essay, which is about the perception of the Fed among Americans.
The fourth option, stating that most Americans appreciate the stability brought by the Fed, is the best rewrite because it summarizes the main point of the essay and provides a clear conclusion that ties back to the overall argument.