At any given time, the voting members of the Federal Open Market Committee include

a. five of the presidents of the regional Federal Reserve banks.

b. the president of the Federal Reserve Bank of New York.

c. the seven members of the Board of Governors.

d. All of the above are correct.

Question

Social Studies

Queenie

19 December, 18:12

At any given time, the voting members of the Federal Open Market Committee include

a. five of the presidents of the regional Federal Reserve banks.

b. the president of the Federal Reserve Bank of New York.

c. the seven members of the Board of Governors.

d. All of the above are correct.

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Answers (1)

Know the Answer?

Dylan Sims · Answer 1

The correct answer is d. All of the above are correct.

Explanation:

According to the decision-making process and voting system of the Federal Open Market Committee a consensus must be reached between the members of this committee to set the monetary policy, and the members are: the seven members of the Federal Reserve Board, the president of the New York Fed, and five or four of the other eleven regional Federal Reserve Bank. Therefore the voting members are all of the mentioned above, making the correct answer "d. All of the above are correct."

At any given time, the voting members of the Federal Open Market Committee includea. five of the presidents of the regional Federal Reserve banks.b. the president of the Federal Reserve Bank of New York.c. the seven members of the Board of Governors.d. All of the above are correct.

At any given time, the voting members of the Federal Open Market Committee include

a. five of the presidents of the regional Federal Reserve banks.

b. the president of the Federal Reserve Bank of New York.

c. the seven members of the Board of Governors.

d. All of the above are correct.