Answer :
Final answer:
Members of the Board of Governors are appointed by the President and confirmed by the Senate to serve 14-year staggered terms.
Explanation:
The members of the Board of Governors of the Federal Reserve are appointed by the President of the United States and confirmed by the Senate. The seven members serve 14-year terms that are staggered to ensure continuity and independence. One member is selected by the President to serve as chairman for a four-year term.
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