Question

The mandate for the monetary policy goals that has been given to the Federal Reserve System is an example of a​ ________ mandate. A. dual B. secondary C. hierarchical D. primary

Answer 1

Answer:

C. hierarchical

Explanation:

Hierarchical Mandate

It is the mandate for the central bank , which makes the goal of the price stability to the priority , but for the time as the goal is fulfilled , like exchange rate stability high employment etc .

And the dual mandate has two objectives - full employment along with the price stability .

So , according to the question ,

If the main focus is price stability , the mandate is hierarchical .