Members of the board of governors are Group of answer choices chosen by the Federal Reserve Bank presidents. appointed by the newly elected President of the United States, as are cabinet positions. appointed by the President of the United States and confirmed by the Senate as members resign. never allowed to serve more than seven-year terms.

Appointed by the President of the United States confirmed by the Senate as members resign.

The Board is made up of seven members who are appointed by the President of the United States and confirmed by the US Senate. The Federal Reserve's policy decisions are guided by these Governors. The term of a Governor is 14 years.

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