Members of the Board of Governors Are

question 29

Multiple Choice

Members of the Board of Governors are

• A) chosen by the Federal Reserve Bank presidents.
• B) appointed by the newly elected president of the United States, as are cabinet positions.
• C) appointed by the president of the United States and confirmed by the Senate as members resign.
• D) never allowed to serve more than seven-year terms.

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Definitions:

Negative Value

A numerical value less than zero, indicating a deficit or decrease when compared to a baseline of zero.

Group's Mean

The average value obtained by summing all the numerical values in a group and dividing by the number of values.

T-test

A statistical test used to compare the means of two groups or samples to determine if there is a significant difference between them.

Means

Statistical term referring to the average value of a set of numbers.