The President of the United States appoints the

Question

Quizplus · Accepted Answer

The President of the United States appoints the members of the Board of Governors of the Federal Reserve, which consists of seven members who serve staggered 14-year terms. The directors of the Federal Reserve regional banks are appointed by their respective boards of directors, while the presidents of the regional banks are chosen by their boards and approved by the Board of Governors. The Federal Advisory Council is made up of 12 representatives from the banking industry who are elected by the boards of their respective Federal Reserve banks. Therefore, the correct answer is D.

The President of the United States Appoints the