The Board of Governors of the Fed consists of:
A)seven elected members.
B)seven members appointed by the president.
C)a representative from each of the 12 district banks.
D)12 elected members.
E)12 members appointed by the president.

Question

Quizplus · Accepted Answer

The Board of Governors of the Fed consists of seven members who are appointed by the president and confirmed by the Senate. The district banks have their own boards of directors, but do not have representation on the Board of Governors.

The Board of Governors of the Fed Consists Of