The Board of Governors of the Federal Reserve is:
A) appointed by the president, and each governor serves a 7-year term.
B) appointed by the president, and each governor serves a 14-year term.
C) elected by Congress, and each governor serves a 10-year term.
D) elected by Congress, and each governor serves a 4-year term.
E) elected by Congress, and each governor serves a 7-year term
Correct Answer:
Verified
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