Which of the Following Is Not True for Members of the Federal

question 59

Multiple Choice

Which of the following is not true for members of the Federal Reserve Board of Governors?

• A)They are appointed to 14-year terms by the president of the United States.
• B)They are relatively immune to short-term political pressures.
• C)They may not be reappointed after serving a full term.
• D)They usually serve two or three terms.

---

Definitions:

Euros

The eurozone's official currency, adopted by 19 out of the 27 countries in the European Union.

Financial Account

A component of the balance of payments that records transactions involving financial assets and liabilities between residents of a country and the rest of the world.

Monetary Policies

Policies undertaken by a nation's central bank to control the money supply and interest rates to achieve macroeconomic goals.

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold, ensuring stability in exchange rates.