The Federal Open Market Committee consists of:
a. the 12-member Board of Governors.
b. seven members of the Board of Governors and five district presidents.
c. the president of the New York district bank and the members of the Council of Economic Advisers.
d. the chairman of the Board of Governors and five district presidents.
e. seven members of the Board of Governors and a nine-member board of directors of the district banks.
b
You might also like to view...
Subprime borrowers ________
A) are those individuals who owe more on their mortgage than the value of their home B) possess a relatively low FICO score C) rely on mortgage-backed securities to support their mortgage applications D) are those with an income level below the value of their mortgage
Why does diversification fail to reduce risk when the returns of the two investments purchased are perfectly positively correlated?
What will be an ideal response?