Multiple Choice
Which of following policies of the Congress was aimed to place the Fed above politics and maintain continuity in the policymaking process?
A) The President elects the entire Board of Governors.
B) The Federal Reserve district banks elects the Board of Governors.
C) The Congress elects a board member every five years.
D) One board member's term expires every second year.
E) Only bankers are allowed to be appointed as board members.
Correct Answer:

Verified
Correct Answer:
Verified
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