The Board of Governors:
A. is elected by the member banks
B. is appointed by the Senate
C. has seven members appointed for 14-year terms
D. has seven members appointed for a term of 12 years
Answer:C
The Board of Governors:
A. is elected by the member banks B. is appointed by the Senate C. has seven members appointed for 14-year terms D. has seven members appointed for a term of 12 years