Members of the Board of Governors are
a. chosen by the Federal Reserve Bank presidents.
b. appointed by the newly elected president of the United States, as are cabinet positions.
c. appointed by the president of the United States and confirmed by the Senate as members resign or their terms expire.
d. never allowed to serve more than 7-year terms.
Answer: c. appointed by the president of the United States and confirmed by the Senate as members resign or their terms expire.
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