The Board of Governors of the Federal Reserve is
A) the collection of the 12 presidents of the Federal Reserve banks.
B) a seven-member board, each one serving a 14-year term.
C) a 14-member board, each one serving a seven-year term.
D) the main policy-making body of the Fed.
E) a seven-member board, each one serving a one-year term.
Correct Answer:
Verified
Q122: The Federal Reserve System is organized into
A)one
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Q130: The Board of Governors has
A)seven members appointed
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Q134: The Federal Open Market Committee consists of
A)12
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Q149: Open market operations are when the Fed
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