Which of the following provides members of the Board of Governors independence in conducting monetary policy?

Question

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The 14 year tenure provides members of the Board of Governors with independence in conducting monetary policy because it allows them to overlap multiple presidential administrations and reduces the likelihood of them being influenced by short-term political pressures. Lifetime appointments (A) are not a feature of the Board of Governors, as they serve for 14 years. The backgrounds of board members (B) may vary widely, and do not necessarily guarantee independence in conducting monetary policy. Registering as independents (D) also does not necessarily guarantee independence, as party affiliation is not the only factor that can influence a person's decision-making.

Which of the Following Provides Members of the Board of Governors