Members of the Federal Reserve Systemʹs Board of Governors
A) are elected for life.
B) are a special subcommittee of the Senate.
C) hold 14-year staggered terms.
D) are elected at large by district banks.

Question

Quizplus · Accepted Answer

Members of the Federal Reserve System's Board of Governors hold 14-year staggered terms. They do not serve for life, are not a special subcommittee of the Senate, and are not elected at large by district banks.