Which of the Following Is Correct

question 156

Multiple Choice

Which of the following is correct?

• A)The Federal Reserve has 14 regional banks.The Board of Governors has up to 12 members who serve 7-year terms.
• B)The Federal Reserve has 14 regional banks.The Board of Governors has up to 7 members who serve 14-year terms.
• C)The Federal Reserve has 12 regional banks.The Board of Governors has up to 12 members who serve 7-year terms.
• D)The Federal Reserve has 12 regional banks.The Board of Governors has up to 7 members who serve 14-year terms.

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Definitions:

Investment Incentives

Benefits, typically in the form of tax reductions or credits, offered to encourage investment by individuals and corporations.

Loanable Funds

A term referring to all the money available for borrowing in the financial markets, from various sources including savings and investments.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal, typically over a one-year period.

Investment

The act of spending money with the expectation of obtaining an additional income or profit, often involving financial investments, purchasing assets, or funding new business ventures.