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The Board of Governors of the Federal Reserve is comprised of Group of answer choicesseven persons, each appointed to a seven-year termseven persons, each appointed to a fourteen-year termfourteen persons, each appointed to a seven-year termtwelve persons, each appointed to a seven-year termtwelve persons, each appointed to a fourteen-year term

Question

The Board of Governors of the Federal Reserve is comprised of Group of answer choicesseven persons, each appointed to a seven-year termseven persons, each appointed to a fourteen-year termfourteen persons, each appointed to a seven-year termtwelve persons, each appointed to a seven-year termtwelve persons, each appointed to a fourteen-year term

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Solution

The Board of Governors of the Federal Reserve is comprised of seven persons, each appointed to a fourteen-year term.

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Every years, a new member is appointed to the Federal Reserve Board of Governors.

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A corporation’s officers are appointed by the:Multiple Choiceboard of directorscompany presidentprimary stockholderstate in which the corporation operates

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