ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Secretary of state
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The president
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Chairman of the board
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Local farmers
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Detailed explanation-1: -Since 1985, FCA has been governed by a full-time, three-person board, whose members are appointed by the president with the advice and consent of the Senate.
Detailed explanation-2: -It is regulated by the Farm Credit Administration (FCA), an independent federal agency that maintains the safety and soundness of all System institutions.
Detailed explanation-3: -Our headquarters are located in McLean, Virginia. We also have field offices in Bloomington, Minnesota; Dallas, Texas; Denver, Colorado; and Sacramento, California.
Detailed explanation-4: -The Farm Credit System helps the agriculture industry with resources including financial products such as credit life insurance, crop insurance, accounting tools and cash management services.
Detailed explanation-5: -Does the U.S. Government guarantee Farm Credit Debt Securities? No. Farm Credit Debt Securities are the general unsecured joint and several obligations of the System Banks only.