The Board of Governors of the Federal Reserve is
A) appointed by the president and confirmed by the Senate, and each governor serves a 14-year term.
B) elected by Congress, and each governor serves a 10-year term.
C) elected by Congress, and each governor serves a 4-year term.
D) elected by Congress, and each governor serves a 7-year term.
E) appointed by the president and confirmed by the Senate, and each governor serves a 7-year term.
Correct Answer:
Verified
Q55: A commercial bank is
A)a Federal Reserve bank.
B)part
Q56: The chair of the Board of Governors
Q57: The Federal Reserve System is divided into
Q58: The "Fed" is the nickname for
A)Congress.
B)the presidency.
C)the
Q59: Items in M1 are more liquid than
Q61: Deposits are an asset for the bank
Q62: If the Fed purchases $15 million worth
Q63: The buying and selling of government bonds
Q64: Exhibit 22-1 Q65: If the Fed sells $15 million worth
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