Which statement regarding the Federal Reserve Board of Governors is NOT true? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Members of the Board are appointed by the President to 14-year nonrenewable terms

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Which statement regarding the Federal Reserve Board of Governors is NOT
true?
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to
select an answer.
3
T
Members of the Board are appointed by the President to 14-year
nonrenewable terms
Members of the Board are elected by Congress on the same 6-year
cycle as the House of Representatives
Each member of the Board must come from a different Federal
Reserve District
One member is chosen by the President to serve a 4-year term as
Chair of the Board of Governors
Transcribed Image Text:Which statement regarding the Federal Reserve Board of Governors is NOT true? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. 3 T Members of the Board are appointed by the President to 14-year nonrenewable terms Members of the Board are elected by Congress on the same 6-year cycle as the House of Representatives Each member of the Board must come from a different Federal Reserve District One member is chosen by the President to serve a 4-year term as Chair of the Board of Governors
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