Quizzol

QUESTION:

To insulate the Federal Reserve from political pressure, _______.

a. the Board of Governors is elected by the public

b. the Board of Governors is supervised by the House Banking Committee

c. the Board of Governors is appointed to 14-year terms

d. the Board of Governors has lifetime tenure

ANSWER:

c. the Board of Governors is appointed to 14-year terms

Posted by Cleveland on September 9, 2024