Which of These Statements Is True of the Board of Governors

question 4

Multiple Choice

Which of these statements is true of the board of governors of the Fed?

• A)The board of governors is appointed by the chair and serves a four-year term.
• B)The board of governors consists of six members plus the chair; the term length for members is fourteen years.
• C)The board of governors consists of six members; the term length is four years.
• D)The board of governors is elected once every eight years by the citizens of the United States.

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Definitions:

Positive Correlation

A statistical relationship where two variables move in the same direction, indicating that when one variable increases, the other one also increases, and vice versa.

Risk Mitigation Plan

A strategic approach to identifying, analyzing, and responding to project risks to minimize their impact.

Risk Transfer Plan

A strategy to shift potential risks to a project to another party, usually through insurance or contracts, as a way to mitigate negative impacts.

Risk Acceptance Plan

A strategy where potential risks are acknowledged but deemed manageable or low enough to proceed without additional mitigation measures.