The Purpose of Having the Members of the Board of Governors

Multiple Choice

The purpose of having the members of the Board of Governors of the Federal Reserve serve fourteen-year terms is to

A) ensure that the governors become well-experienced at policymaking.
B) insulate the governors' policy decisions from the influence of presidential elections and politics.
C) promote unity of opinion from shared time together.
D) establish long-standing ties with high-level officials of other nations' central banks.