Which of the Following Is Not True for Members of the Federal

question 59

Multiple Choice

Which of the following is not true for members of the Federal Reserve Board of Governors?

• A)They are appointed to 14-year terms by the president of the United States.
• B)They are relatively immune to short-term political pressures.
• C)They may not be reappointed after serving a full term.
• D)They usually serve two or three terms.

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Definitions:

Real Property

Land and anything permanently attached to it, such as buildings and fixtures.

Insurable Interest

A legal requirement for obtaining insurance policies, stipulating that the policyholder must stand to suffer a financial or personal loss from the insured event.

Appraisal Clause

A provision in insurance policies allowing for a neutral party to determine the value of property or the extent of damage in case of disagreement.

Insurance Policy

A contract between an insurance company and the policyholder which outlines the terms, coverage, and conditions under which the insurer agrees to compensate the insured for losses.