Of the nine directors of each Fed district bank, ____ are elected by member banks in that district.
A)0
B)9
C)6
D)3

Question

Quizplus · Accepted Answer

According to the Federal Reserve Act, three directors are appointed by the Board of Governors, and six directors are elected by member banks in that district, representing different sectors of the economy. So, option C is correct, and six directors are elected by member banks in that district.

Of the Nine Directors of Each Fed District Bank, ____