Members of the Board of Governors of the Federal Reserve are appointed by the President and approved by the Senate to serve a 14-year term.
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Q12: The Federal Open Market Committee (FOMC)meets on
Q13: The Board of Governors of the Federal
Q14: The interest rate that the Fed charges
Q15: Although the Fed can destroy money,it is
Q16: To expand the money supply the Fed
Q18: To limit political influence on Fed policy,the
Q19: The smaller the required reserve ratio,the larger
Q20: When the Fed was created,its governing body
Q21: Under free banking,banks are regulated by the
Q22: The Board of Governors of the Federal
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