Asked by
Rainiel Magpayo
on Nov 11, 2024Verified
To minimize the effect of short-term political pressure on the Fed's Board of Governors,the governors are all appointed to their terms:
A) in different years,and their terms are long.
B) in different years,and their terms are short.
C) in the same year,and their terms are long.
D) in the same year,and their terms are short.
E) in the same year,and their terms are shorter than that of the chairman of the Federal Reserve Board.
Political Pressure
The exertion of influence by individuals or groups to achieve certain actions or policies from government or other authority figures.
Board of Governors
The leading body of a central banking system, such as the Federal Reserve in the United States, responsible for overseeing the nation's monetary policy.
Appointed
Selected or designated for a position or duty, typically by an authority, rather than through election.
- Apprehend the architecture and operations of the Federal Reserve System.
Verified Answer
BM
Learning Objectives
- Apprehend the architecture and operations of the Federal Reserve System.