Members of the Board of Governors are
A) elected by the district bank presidents.
B) appointed by the President of the United States, subject to confirmation by the Senate.
C) appointed by the National Monetary Commission.
D) appointed by the Securities and Exchange Commission, subject to congressional veto.
Correct Answer:
Verified
Q35: Which of the following statements is correct?
A)Federal
Q36: Under the Federal Reserve Act, which banks
Q37: Why did fewer state banks choose to
Q38: The reserve tax refers to
A)the tax nonmember
Q39: The members of Federal Reserve district bank
Q41: The Fed does not have to go
Q42: Most of the Fed's earnings come from
A)fees
Q43: Most Fed watchers believe that the Fed
Q44: Which of the following is NOT a
Q45: The Banking Acts of 1933 and 1935
A)established
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