The Board of Governors of the Federal Reserve System has
A) 12 members appointed by the president of the United States.
B) seven members appointed by the president of the United States.
C) seven members appointed to life terms.
D) seven members elected by the public.
E) 12 members elected by the public.
B
You might also like to view...
Which of the following is a reason not to join a monetary union?
A) the loss of national identity B) the loss of seignorage C) a lack of fiscal integration D) All of these are reasons not to join.
An example of odious debt would be debts on the part of a nation that were incurred by a dictator for the well being of his family
Indicate whether the statement is true or false
Initially, policy makers were not concerned about the financial crisis because:
A. fiscal policy would kick in to stabilize the economy. B. banks and other financial institutions had convinced policy makers that they would take care of any type of crisis. C. no other comparable crisis had happened before in history. D. conventional economic theory was telling them they did not have to worry about such an event occurring.
When a commercial bank has excess reserves:
A. it is in a position to make additional loans. B. its actual reserves are less than its required reserves. C. it is charging too high an interest rate on its loans. D. its reserves exceed its assets.