The main reason for the length of the term of office on the Federal Reserve Board is that
A) this time period corresponds closely to the lag time between actions by the Fed and their impact on the economy.
B) this term gives the individual governors the same job security as their peers in private commercial banks.
C) many years of in-service education are required before board members can make substantive contributions.
D) given the stringent requirements for membership, it has proven difficult to fill positions any more frequently.
E) long appointments limit opportunities for political influence over the board.
Correct Answer:
Verified
Q12: Increasing bank reserves would be an appropriate
Q13: Under normal conditions the president may appoint
Q14: If monetary authorities tighten credit or money,_
Q15: In the United States today,which of the
Q16: The Federal Reserve Bank's exercising control over
Q18: When monetary authorities decrease the money supply
Q19: When monetary authorities increase the money supply
Q20: The Federal Open Market Committee is made
Q21: Virtually all economists agree that the key
Q22: The Federal Reserve System
A) is an outgrowth
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