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How are the members of the Board of Governors selected?

A. They are appointed by the U.S. Senate and confirmed by the President.
B. They are appointed by the President and confirmed by the U.S. Senate.
C. They are appointed by the U.S. Secretary of the Treasury.
D. They are elected every four years during presidential election years.

Sagot :

GinnyAnswer

Final answer:

Members of the Board of Governors are appointed by the President and confirmed by the Senate to serve 14-year staggered terms.


Explanation:

The members of the Board of Governors of the Federal Reserve are appointed by the President of the United States and confirmed by the Senate. The seven members serve 14-year terms that are staggered to ensure continuity and independence. One member is selected by the President to serve as chairman for a four-year term.


Learn more about Federal Reserve Board of Governors here:

https://brainly.com/question/39529637


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