Which of the following is not true about the members of the Federal Reserve Board of Governors?
A) They are appointed to fourteen-year terms by the president of the United States.
B) They are relatively immune to short-term political pressures.
C) They may not be reappointed after serving a full term.
D) They each serve as chairman of the Board of Governors on a rotating basis.

Question

Quizplus · Accepted Answer

The Chairman of the Board of Governors is not a rotating position among all members; instead, the President appoints one member to serve as Chairman for a four-year term, subject to Senate confirmation.

Which of the Following Is Not True About the Members