Which of the following directs open market operations?
a. Board of Governors.
b. Federal Reserve Banks.
c. Federal Open Market Committee
d. Federal Advisory Council.
e. Member banks.
c
Economics
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In any given market, prices are determined by
A) specialization of labor. B) transactions costs. C) supply and demand. D) comparative advantage.
Economics
The Organization of Petroleum Exporting Countries is an example of: a. a price leadership system
b. a trade group whose members have yet to influence the world price of oil, despite repeated attempts to collude. c. a successful monopoly. d. a periodically successful cartel.
Economics