Which of the following are true of the terms for members of the Board of Governors?

Multiple select question.

All members are replaced simultaneously

Their terms last for 14 years

One member is replaced every 2 years

Board officers cannot be re-elected

1 answer

The following statements are true of the terms for members of the Board of Governors:

  • Their terms last for 14 years.
  • One member is replaced every 2 years.

The statement that "All members are replaced simultaneously" is false; the terms are staggered so that one member is replaced every two years. The statement "Board officers cannot be re-elected" is not accurate, as board officers can be re-elected to their positions upon the expiration of their term.