Members of central bank governing boards

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Compare the length of terms of office for central bank heads and members of central bank governing boards between the U.S. Federal Reserve and foreign central banks?

a. The Fed has the shortest-term length for the head and the longest-term length for the board members.

b. The lengths of the terms do not vary between the Federal Reserve, the European Central Bank (ECB), the Bank of England, and the Bank of Japan.

c. The Fed has the longest-term length for the head and the shortest-term length for the board members.

d. The lengths of both terms are longer in the US than anywhere else.

Reference no: EM132234994

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