Asked by
Jordan Kelly
on Nov 11, 2024Verified
The Federal Open Market Committee (FOMC) consists of:
A) the Board of Governors and the Secretary of the Treasury.
B) the presidents of the 12 Federal Reserve Banks.
C) the Board of Governors and some of the Federal Reserve Bank presidents.
D) the Comptroller of the Currency and seven Reserve Bank presidents.
E) representatives from banks throughout the U.S.
Federal Reserve Banks
The regional banks that make up the Federal Reserve System, the central banking system of the United States, responsible for implementing monetary policy, supervising and regulating banks, and providing financial services.
Federal Reserve Bank Presidents
Leaders of the twelve regional Federal Reserve Banks in the United States, playing key roles in monetary policy decisions.
Board of Governors
A governing body that oversees the operation and management of an organization, institution, or entity, like the Federal Reserve in the United States.
- Identify the composition and responsibilities of the Federal Reserve Open Market Committee (FOMC).
Verified Answer
HM
Learning Objectives
- Identify the composition and responsibilities of the Federal Reserve Open Market Committee (FOMC).