The members of the board of directors of each Federal Reserve bank are:
A. appointed by the Board of Governors of the Federal Reserve System
B. elected by the member banks
C. chosen by the Board of Governors and by the member banks
D. appointed by the President of the United States with the advice and consent of the Senate
Answer:C
The members of the board of directors of each Federal Reserve bank are:
A. appointed by the Board of Governors of the Federal Reserve System B. elected by the member banks C. chosen by the Board of Governors and by the member banks D. appointed by the President of the United States with the advice and consent of the Senate