Which of the following is True about the Federal Reserve System?

Select one:

A. It is impossible for an individual to serve more than 14 years in the Board of Governors.

B. President of the New York federal reserve bank always votes on the target for the federal funds rate.

C. The majority of voting members of FOMC is selected from presidents of the federal reserve district banks.

D. Conducting open market operations is part of the duties of the 12 federal reserve district banks.