The Federal Reserve Board is a seven-member body that governs the country's monetary policy; the president appoints each member to serve a term that is how long?

(1 point)
Responses

10 years

10 years

4 years

4 years

24 years

24 years

14 years

14 years

The correct answer is 14 years.

The term length for members of the Federal Reserve Board is 14 years.