The ____ Is Made Up of Seven Individual Members, and Each

question 22

Multiple Choice

The ____ is made up of seven individual members, and each member is appointed by the president of the United States.

• A) Board of Governors
• B) Federal Reserve district bank
• C) Federal Open Market Committee (FOMC)
• D) Securities and Exchange Commission

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Definitions:

Economy

The system of production, distribution, and consumption of goods and services within a specific geographic region.

Personal Income Tax

A tax levied on the income of individuals, with the rate usually increasing as income increases.

Adult Americans

Individuals living in the United States who are 18 years of age or older.

Share

A unit of ownership interest in a corporation or financial asset that provides for an equal distribution in any profits, if any are declared, in the form of dividends.