Each Member of the Board of Governors of the Fed

question 37

Multiple Choice

Each member of the Board of Governors of the Fed _____

• A) is from the minority of the FOMC.
• B) can have twelve presidential appointments.
• C) is authorized to set reserve requirements by the Bank Acts of 1933 and 1935.
• D) serves one nonrenewable term.
• E) is elected by the member banks that own the Federal Reserve.

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Definitions:

Thimble

A small protective shield worn on the finger or thumb to prevent injury when sewing, or a component used to anchor or guide a rope or cable.

Equal Divisions

The act of dividing something into parts or sections that are of the same size or value.

Machinist Rule

A machinist rule is a precision measuring instrument used by machinists to measure distances and dimensions accurately.

Dial Caliper

A mechanical measuring caliper with a rotary display scale.