A(n) is a form of autocracy in which a king, queen, emperor, empress, or other aristocrat is the highest authority in the government.

Monarchy

Explanation:

A monarchy is a form of government in which a monarch holds sovereign authority. In an absolute monarchy, the autocrat rules with absolute power over the state and government. The monarch can be a king or queen, in a kingdom, or an emperor or empress in an empire.

the banking act of 1935 gave the president authority to appoint the seven members of the federal reserve system and the group's chairman.

explanation:

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