The Board of Governors of the Fed Consists Of

question 106

Multiple Choice

The Board of Governors of the Fed consists of:

• A)seven elected members.
• B)seven members appointed by the president.
• C)a representative from each of the 12 district banks.
• D)12 elected members.
• E)12 members appointed by the president.

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Definitions:

Relativistic

Pertaining to the understanding that knowledge, truth, and morality exist in relation to culture, society, or historical context and are not absolute.

Pragmatic

Concerned with practical considerations or consequences in decision-making or communication, focusing on effective and sensible approaches.

Relativistic

Pertaining to the view that concepts such as moral values and truth are not absolute but are relative to the perspectives or cultures from which they originate.

Autonomous

Describes entities or individuals that are self-governing, self-directing, and capable of making decisions independently from others.