Which of the following statements concerning the Federal Reserve Board is correct?
A. It is a single bank.
B. The board of governors has fifteen members.
C. The board of governors is appointed by the president.
D. The term for each member of the board of governors is twenty years.
E. The chairperson for the board of governors serves a six-year term.
Ans: C. The board of governors is appointed by the president.
You might also like to view...
California has 53 seats in the House of Representatives. How many Electoral College votes does it have?
a. 12 b. 25 c. 53 d. 55
Which of the following would generally fall into the occupational definition of middle class used by sociologists?
A. a lawyer B. an engineer C. a minimum wage worker D. a blue-collar manufacturing worker
According to Mancur Olson,
A) large groups are the most effective groups B) the bigger the group, the smaller the free-rider problem. C) the larger the group, the further it will fall short of providing an optimal amount of a collective good. D) the larger the group, the more effective it is in influencing public policies. E) the key to group power is to form broad coalitions with other groups, making themselves nearly invincible.
In what way does a federal system allow for flexibility at the local level?
What will be an ideal response?