Which of these statements is true of the board of governors of the Fed?
A) The board of governors is appointed by the chair and serves a four-year term.
B) The board of governors consists of six members plus the chair; the term length for members is fourteen years.
C) The board of governors consists of six members; the term length is four years.
D) The board of governors is elected once every eight years by the citizens of the United States.
Correct Answer:
Verified
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