Solved

The Main Reason for the Length of the Term of Office

Question 17

Multiple Choice

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents