The Board of Governors of the Fed

question 185

Multiple Choice

The Board of governors of the Fed

• A) are appointed by the House of Representatives.
• B) has 12 members.
• C) have a 7-year term.
• D) is headquartered in Washington, D.C.

---

Definitions:

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the ownership share of stockholders.

Land Sale

A transaction involving the conveyance of ownership in land from one party to another, often recorded as a capital transaction in financial statements.

Operating Income

This is the profit realized from a business's ongoing operations, calculated as the difference between operating revenues and operating expenses.