Which of the Following Is Correct

question 24

Multiple Choice

Which of the following is correct?

• A)The Federal Reserve has 14 regional banks.The Board of Governors has 12 members who serve 7-year terms.
• B)The Federal Reserve has 14 regional banks.The Board of Governors has 7 members who serve 14-year terms.
• C)The Federal Reserve has 12 regional banks.The Board of Governors has 12 members who serve 7-year terms.
• D)The Federal Reserve has 12 regional banks.The Board of Governors has 7 members who serve 14-year terms.

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Definitions:

State Law

Laws that are enacted and enforced by individual states within a country, which govern within their own territory and are particular to that state.

Professional Indemnity Insurance

Insurance that provides coverage to professionals against claims made by clients for loss or damage due to negligent services or advice.

Liability Coverage

A type of insurance that provides protection against claims resulting from injuries and damage to people or property.

Malpractice Claims

Legal claims made against professionals (e.g., doctors, lawyers) for failing to provide proper services, resulting in harm to the claimant.