The Board of Governors of the Federal Reserve System Is

question 142

Multiple Choice

The Board of Governors of the Federal Reserve System is

• A) elected by the general public.
• B) composed of seven members who are appointed by the President and approved by the Senate.
• C) composed of representatives from the country's 12 largest commercial banks.
• D) composed of 12 members of the Senate and the U.S. House of Representatives.

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Definitions:

Motivation

Refers to the factors or stimuli that encourage individuals to pursue and achieve their goals with enthusiasm and persistence.

Theoretical Foundation

The fundamental principles and assumptions that form the basis for a particular theory or field of study.

ERG Theory

A theory proposed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth, modifying Maslow's hierarchy of needs.

Maslow's Needs

A theory of psychological development outlined by Abraham Maslow that proposes a hierarchy of human needs, from basic physiological needs to self-actualization.