Quizzol

QUESTION:

The Board of Governors of the Federal Reserve System consists of _______.

a. up to seven members appointed by the president

b. twelve members appointed by Congress

c. twelve members elected by the twelve Federal Reserve Banks

d. seven members appointed by Congress and seven appointed by the president

e. five members appointed by the president and seven rotating presidents of the Federal Reserve Banks

ANSWER:

a. up to seven members appointed by the president

Posted by Cleveland on September 9, 2024