Asked by
Tati'Yana Lewis
on Nov 11, 2024Verified
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.
Verified Answer
LE
Learning Objectives
- Digest the setup and tasks of the Federal Reserve System.