Asked by Morgan Beasley on Jun 10, 2024

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How many members appointed by the president sit on the Federal Reserve Board?

A) None
B) Seven
C) Nine
D) Twelve

Federal Reserve Board

This is the governing body of the Federal Reserve System, responsible for overseeing the United States' central banking system and setting monetary policy.

Members Appointed

Members appointed refer to individuals who are placed in a position or role within an organization or board by selection rather than election.

  • Acquire knowledge about the role and activities of the Federal Reserve in the regulation of currency availability.
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Verified Answer

SR
Sarah RashidJun 16, 2024
Final Answer :
B
Explanation :
The Federal Reserve Board is composed of seven members who are appointed by the President of the United States.