Members of the Board of Governors

question 58

Multiple Choice

Members of the Board of Governors

• A)must resign when the President who has appointed them leaves office.
• B)may serve no more than three consecutive four-year terms.
• C)serve for life or good behavior.
• D)serve one nonrenewable fourteen-year term.

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Definitions:

Advisory Memorandum

A document offering recommendations and detailed advice on a particular topic, often used in legal and business contexts.

Lawsuit

A legal case brought to a court of law in which one party sues another for a wrongdoing or dispute resolution.

Statute

A written law passed by a legislative body at the national or local level.

Common Law

A body of unwritten laws based on legal precedents established by the courts.