The yield on a one-year Treasury security is 5.8400%, and the two-year Treasury security has a 7.0080% yield.
Assuming that the pure expectations theory is correct, what is the market’s estimate of the one-year Treasury rate one year from now? (Note: Do not round your intermediate calculations.)

How is this a question and how u need an answer for this

There are three key entities in thefederal reserve system: the  board  of governors, the  federal reserve banks(reserve banks), and the  federal  open market committee (fomc). while the  federal reserve  has frequent communication with executive branch and congressional officials, its decisions are made independently.

The correct answer is "c. a limited partnership without a general power".