An important reason why members of the Federal Reserve’s Board of Governors are each given extremely long, 14-year terms is to:

a. Insulate members from political pressures that could result in inflation.
b. Help older members avoid job searches before retiring.
c. Attract younger people with lots of time left in their careers.
d. Avoid the trouble of constantly having to deal with new members.

answer; a set of mutual funds with similar risk characteristics to your mutual fund;

the answer is: a greater percentage chance of loss

high risk investments had the characteristic of higher percentage of great return accompanied with higher percentage chance of loss.

this type of investments usually only suitable for investors that have enough capital to survive in case one or more of their investments fail. examples of high-risk investments are stocks and currencies.