ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Within the System, certain responsibilities are shared between the Board of Governors in Wash-ington, D.C., whose members are appointed by the President with the advice and consent of the Senate, and the Reserve Banks and Branches, which constitute the System’s operating presence around the country.

Detailed explanation-2: -The title of the book comes from Article II, section 2 of the U.S. Constitution, which gives the Senate the responsibility to advise the president about nominees and the authority to consent to (approve or reject) those nominations.

Detailed explanation-3: -The Senate has the sole power to confirm those of the President’s appointments that require consent, and to provide advice and consent to ratify treaties. There are, however, two exceptions to this rule: the House must also approve appointments to the Vice Presidency and any treaty that involves foreign trade.

Detailed explanation-4: -The Constitution names the vice president of the United States as the president of the Senate. In addition to serving as presiding officer, the vice president has the sole power to break a tie vote in the Senate and formally presides over the receiving and counting of electoral ballots cast in presidential elections.