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Tati'Yana Lewis
on Nov 11, 2024

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The Board of Governors of the Fed consists of:

A) seven elected members.
B) seven members appointed by the president.
C) a representative from each of the 12 district banks.
D) 12 elected members.
E) 12 members appointed by the president.

Board of Governors

A leading body of a central banking system, such as the Federal Reserve in the United States, responsible for overseeing the bank's policies and operations.

Appointed

A term referring to individuals who have been selected and assigned roles or positions, often within a governmental or organizational setting, without requiring an election or competitive selection process.

Elected

Refers to the process of choosing or selecting someone to hold a public office or some other position by voting.

  • Digest the setup and tasks of the Federal Reserve System.
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Luisa EstradaNov 14, 2024
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