Members of the seven-member Board of Governors of the FederalReserve System are

Members of the seven-member Board of Governors of the FederalReserve System are appointed for _________ while the Chairman ofthe Board of Governors is appointed for __________.a fourteen year term of office; a four year term of office withreappointment possiblean indefinite term of office; a one-time four year term ofofficea fourteen year term of office; a one-time four year term ofofficean indefinite term of office; a four year term of office withreappointment possibleWhich of the following financial institutions is required toconform to the reserve requirements mandated by the Federal ReserveSystem?I. National banksII. State banksIII. Credit unionsI and II onlyI and III onlyII and III onlyI II and III