The board of governors of the federal reserve is composed of how many members and how long they serve

There are 7 members of the Board of Governors of the Federal Reserve System and they serve a full term, which is 14 years. The time frame ensures stability and continuity.

The seven members of the Board of Governors of the Federal Reserve System are specified by the President and approved by the Senate. A complete session is fourteen years. Individual term begins every two years, on February 1 of even-numbered years. A member who completes a full term may not be reappointed.

manifest functions are the recognized and intended consequences of any social pattern, while latent functions are those unrecognized and unintended consequences. to analyze the manifest functions of any social institution, we have to study its contribution to the continuation of a group, community, or society.