ECONOMICS
FEDERAL RESERVE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Board of Bankers
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Board of Governors
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Board of Regulators
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Board of Trustees
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Detailed explanation-1: -The Federal Reserve is overseen by the Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board. The Board of Governors is a seven-member board. From the seven-member board, the President appoints and the Senate confirms a Chair of the Board of Governors.
Detailed explanation-2: -The seven members of the Board of Governors of the Federal Reserve System are nominated by the President and confirmed by the Senate. A full term is fourteen years.
Detailed explanation-3: -Board of Governors of the Federal Reserve System.
Detailed explanation-4: -CONGRESS oversees the Federal Reserve System and its entities. BOARD OF GOVERNORS is an independent agency of the federal government. FEDERAL RESERVE BANKS are the operating arms of the Federal Reserve System and are supervised by the Board of Governors.
Detailed explanation-5: -The Board of Governors–located in Washington, D.C.–is the governing body of the Federal Reserve System. It is run by seven members, or “governors, ” who are nominated by the President of the United States and confirmed in their positions by the U.S. Senate.