The Directors of a Federal Reserve Bank Include

question 49

Multiple Choice

The directors of a Federal Reserve Bank include

• A)three class A directors, who are bankers and are chosen by member banks; three class B directors, who are business leaders and are also chosen by member banks; and three class C directors, who are public-interest directors and are chosen by the Board of Governors.
• B)three class A directors, who are bankers and are chosen by member banks; three class B directors, who are politicians and are also chosen by member banks; and three class C directors, who are public-interest directors and are chosen by the Board of Governors.
• C)three class A directors, who are bankers and are chosen by public voting; three class B directors, who are politicians and are also chosen by member banks; and three class C directors, who are public-interest directors and are chosen by the Board of Governors.
• D)three class A directors, who are bankers and are chosen by member banks and three class B directors, who are business leaders and are also chosen by public voting.

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Definitions:

Low-Value Activities

Tasks or processes that contribute minimal benefit to organizational goals, often identified for elimination or automation.

Competency

The ability of an individual to do a job properly, encompassing a combination of skills, knowledge, and behavior.

Collective Learning

The process through which a group, organization, or society gains knowledge and understanding, improving its capabilities over time.

Technology

The application of scientific knowledge for practical purposes, especially in industry, where it affects methods of production, communication, and information management.