The members of the Federal Reserve's Board of Governors
A)are elected to office by the public every fourteen years.
B)are nominated by the U.S.Senate banking committee and confirmed by the U.S.house of representatives.
C)are elected by bankers in each Federal Reserve Region.
D)are appointed by the president of the U.S.and confirmed by the U.S.Senate.

Question

Quizplus · Accepted Answer

The members of the Federal Reserve's Board of Governors are appointed by the president of the U.S. and confirmed by the U.S. Senate. This is outlined in the Federal Reserve Act, which established the central bank of the United States in 1913.

The Members of the Federal Reserve's Board of Governors