The Board of Governors of the Federal Reserve System does NOT
A) consist of members whose appointments have been approved by the Senate.
B) utilize a system of rotations so that a position comes open every two years.
C) include the presidents of the twelve Federal Reserve Banks.
D) consist of seven members with fourteen-year terms.

Question

Quizplus · Accepted Answer

The Board of Governors does not include the presidents of the twelve Federal Reserve Banks; they are separate entities within the Federal Reserve System.

The Board of Governors of the Federal Reserve System Does