Why Are Members of the Board of Governors Appointed to Serve

Multiple Choice

Why are members of the Board of Governors appointed to serve 14­year terms that are staggered, with one expiring every 2 years?

A) To prevent stagnant and outdated decision making and encourage new approaches and fresh ideas from the Board of Governors
B) To prevent any single president from appointing all of the members, thereby ensuring that the Fed can act independently of political pressure
C) To ensure that there are experienced members during all economic cycles and climates
D) To ensure that all members are automatically eligible to run for the Chairmanship of the Federal reserve after serving 14 years