Subject to the Approval of the Board of Governors,the Decision

question 7

Multiple Choice

Subject to the approval of the Board of Governors,the decision of choosing the president of a district Federal Reserve Bank is made by

• A)all nine district bank directors.
• B)the six district bank directors elected by the member banks.
• C)three district bank directors who are professional bankers.
• D)district bank directors who are not professional bankers.
• E)class A and class B directors.

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Definitions:

Official Poverty Line

A government-determined income level below which an individual or family is considered to be living in poverty, affecting eligibility for certain public assistance programs.

U.S. Poverty Rate

The proportion of the population in the United States living below the poverty line, as defined by the federal government.

Non-cash Benefits

Forms of compensation provided to employees or beneficiaries that are not paid out in cash, such as health insurance, pensions, and company cars.

Poverty Rate

The percentage of the population whose income falls below the poverty line, indicating the proportion of people living in poverty.