Who sits on the FOMC? Group of answer choices A) All 12 district bank presidents B) 7 members of BOG and 5 district bank...
Who sits on the FOMC?
Group of answer choices
A) All 12 district bank presidents
B) 7 members of BOG and 5 district bank presidents
C) All 10 members of the BOG and 4 district bank presidents
D) Only 7 members of the BOG
Homework Answers
Answer
The correct answer is (B) 7 members of BOG and 5 district bank presidents.
FOMC stands for federal Open Market Committee. There are 12 members who sits on the FOMC and among these members 7 are board of Governors(BOG) and 5 are district Reserve Bank presidents(where one is definitely the the president of Fed New York)
Hence, The correct answer is (B) 7 members of BOG and 5 district bank presidents.
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