The ____ consists of seven members, each of whom is appointed by the president of the United States.
A)Federal Open Market Committee (FOMC)
B)Federal Advisory Council
C)Board of Governors
D)none of the above

Question

Quizplus · Accepted Answer

The Board of Governors is the group consisting of seven members that is appointed by the president of the United States. The Federal Open Market Committee (FOMC) and Federal Advisory Council are both related to the Federal Reserve, but do not consist of seven members appointed by the president.

The ____ Consists of Seven Members, Each of Whom Is