If a Member of the Board of Governors Is Limited

question 60

Multiple Choice

If a member of the Board of Governors is limited to one 14-year term,how did Alan Greenspan serve 19 years on the Board of Governors?

• A) A special exemption was approved for him.
• B) The rule was not in place at the time.
• C) He completed the remaining years left on someone else's term and then served one 14-year term.
• D) He didn't serve consecutive terms.

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Definitions:

Exchange Rate

Value of one nation’s currency relative to the currencies of other countries.

International Business Activity

Economic activities, including trade, investment, and operations, conducted across national borders by companies and individuals.

Computer Parts

The physical components of a computer, such as the CPU, RAM, hard drive, motherboard, and peripherals.

Spreads Out

The action of extending or distributing something over a wider area or among a greater number of people.