The Board of Governors
A)composes a minority of the FOMC
B)consists of twelve presidential appointees
C)was authorized to set reserve requirements by the Bank Acts of 1933 and 1935
D)serve four year terms
E)are elected by the member banks which own the Federal Reserve

Question

Quizplus · Accepted Answer

The Answer of The Board of Governors
A)composes a minority of the FOMC
B)consists of twelve presidential appointees
C)was authorized to set reserve requirements by the Bank Acts of 1933 and 1935
D)serve four year terms
E)are elected by the member banks which own the Federal Reserve