Which of the following statements concerning the Federal Reserve Board of Governors is true?
A) Twelve members of the Federal Reserve Board of Governors are nominated by the president and approved by Congress to serve staggered seven year terms.
B) Seven members of the Federal Reserve Board of Governors are nominated by the president and approved by Congress to serve staggered two year terms.
C) Fourteen members of the Federal Reserve Board of Governors are appointed by the president to serve staggered two year terms.
D) Seven members of the Federal Reserve Board of Governors are appointed by the president to serve staggered 14 year terms.
Correct Answer:
Verified
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A)influencing
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