The Board of Governors of the Federal Reserve System is made up of
A) 12 elected commercial bankers.
B) five elected presidents of Federal Reserve banks and seven commercial bankers appointed by the president of the United States.
C) seven people appointed by the president of the United States.
D) the 12 district presidents of the Federal Reserve System.
E) the treasurer of the United States, a member of the House and Senate Banking Committee, three commercial bankers, and two Federal Reserve Bank presidents.
Correct Answer:
Verified
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