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Which of the following is true of each of the Federal Reserve District Bank board of directors? 1. One director from each District Bank is appointed to serve on the Federal Advisory Council II. Directors are required to serve on a full-time basis, but serve rotating terms III. All directors must be currently employed in some capacity by a national bank 1.0 tion Select one: O a. Tonly O b. I and II only . Ocland Ill only O d. III and