Multiple Choice
Which set of statements is correct?
A) The Federal Reserve has 12 regional banks. The Board of Governors has fourteen members, each serving a 7-year term.
B) The Federal Reserve has 14 regional banks. The Board of Governors has twelve members, each serving a 7-year term.
C) The Federal Reserve has 12 regional banks. The Board of Governors has seven members, each serving a 14-year term.
D) The Federal Reserve has 14 regional banks. The Board of Governors has seven members, each serving a 12-year term.
Correct Answer:
Verified
Correct Answer:
Verified
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