The Federal Reserve System Is Controlled by the

question 146

Multiple Choice

The Federal Reserve System is controlled by the

• A) board of governors.
• B) president of the United States.
• C) U.S. Senate.
• D) member banks.
• E) U.S. Treasury Department.

---

Definitions:

Cumulative Voting

A voting system that allows shareholders to concentrate their vote on one candidate rather than distributing their votes among multiple candidates.

Shareholder Proposal

A formal recommendation or requirement that is submitted to the shareholders for a vote at a company's annual meeting.

Negligent Conduct

Behavior that falls below the standards of care established by law for the protection of others against unreasonable risk of harm.

Duty of Care

A legal obligation requiring individuals to exercise a reasonable standard of care while performing acts that could foreseeably harm others.