Each member of the Board of Governors of the Fed:
A)is from the minority of the FOMC.
B)can have twelve presidential appointments.
C)is authorized to set reserve requirements by the Bank Acts of 1933 and 1935.
D)serves one nonrenewable term.
E)is elected by the member banks which own the Federal Reserve.

Question

Quizplus · Accepted Answer

The Answer of Each member of the Board of Governors of the Fed:
A)is from the minority of the FOMC.
B)can have twelve presidential appointments.
C)is authorized to set reserve requirements by the Bank Acts of 1933 and 1935.
D)serves one nonrenewable term.
E)is elected by the member banks which own the Federal Reserve.

Each Member of the Board of Governors of the Fed