The members of the Fed Board of Governors are
A) elected by the member banks.
B) appointed by the President of the United States with the advice and consent of the Senate.
C) appointed by the Secretary of the Treasury.
D) appointed by each of the Federal Reserve banks.

Question

Quizplus · Accepted Answer

The members of the Fed Board of Governors are appointed by the President of the United States with the advice and consent of the Senate. This is stated in the Federal Reserve Act.

The Members of the Fed Board of Governors Are