3 Which of the following statements is/are true regarding the Fed? a. It is governed by the governors from the 12 largest states in the United States. b. All members of the Fed are up for re-appointment every time a new President enters the White House, much like the President's cabinet. c. Every city with more than 1 million residents has a Federal Reserve District Bank. d. All of the above are true. e. None of the above are true