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Question 5 Which of the following is TRUE 1) The BOG of the Federal Reserve system is also a part of the FOMC 2) Members

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Question 5 Which of the following is TRUE 1) The BOG of the Federal Reserve system is also a part of the FOMC 2) Members of the BOG are selected from among the Federal Reserve District Banks 3) The FOMC consists of 7 members 4) The Federal Advisory Council elects the chairman of the Board of Governors

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