The Board of Governors of the Fed consists of:
a. seven elected members
b. seven members appointed by the president.
c. a representative from each of the 12 district banks.
d. 12 elected members.
e. 12 members appointed by the president.
b
Economics
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Suppose a plaintiff hires a lawyer to represent her in a court case. The lawyer will receive a share of the settlement if the plaintiff wins. Under this contract
A) efficiency cannot be achieved. B) the client bears all of the risk. C) the lawyer bears all of the risk. D) the risk is shared.
Economics
The concept that increased government spending will lead to lower investment and consumer spending is referred to as the
A) inflationary effect. B) crowding-out effect. C) aggregate demand effect. D) Keynesian effect.
Economics