ECONOMICS
FEDERAL RESERVE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
12 members who serve 14-year terms.
|
|
|
seven members who serve 4-year terms.
|
|
|
12 members who serve 4-year terms.
|
|
|
seven members who serve 14-year terms.
|
Detailed explanation-1: -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. One term begins every two years, on February 1 of even-numbered years. A member who serves a full term may not be reappointed.
Detailed explanation-2: -Each member of the Board of Governors is appointed for a 14-year term; the terms are staggered so that one term expires on January 31 of each even-numbered year. After serving a full 14-year term, a Board member may not be reappointed.
Detailed explanation-3: -The Board consists of seven members who are appointed by the president of the United States and confirmed by the Senate.
Detailed explanation-4: -The Board consists of seven members who are appointed by the president and confirmed by the Senate to serve 14-year terms of office.
Detailed explanation-5: -Jerome H. Powell. Chair. Board of Governors. Michelle W. Bowman. Governor. Board of Governors. Lisa D. Cook. Governor. Board of Governors. Philip N. Jefferson. Governor. Board of Governors. Christopher J. Waller. Governor. Lael Brainard. Vice Chair. Board of Governors. Randal K. Quarles. Vice Chair for Supervision. Janet L. Yellen. Chair. More items