The Federal Reserve System is made up of seven members appointed by the president to the Federal Reserve Board of Governors. Therefore, Option A is correct.
Who is the Board of Governors?
They are located in Washington, D.C. The Board of Governors is the federal government agency that regulates banks, contributes to the nation's monetary policy, and oversees the activities of reserve banks.
Duties of the Board of Governors is to guides the operation of the Federal Reserve System to promote the goals and fulfill the responsibilities given to the Federal Reserve by the Federal Reserve Act. It consists of the seven governors, appointed by the president and confirmed by the Senate.
Therefore, Option A is correct.
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