The members of the Federal Open Market Committee are
A) the Treasury secretary, the head of the Federal Deposit Insurance Corporation, and the Comptroller of the Currency.
B) the seven members of the Fed's Board of Governors and five of the Federal Reserve bank presidents.
C) the President, the Speaker of the House of Representatives, and the Senate Majority Leader.
D) the five top officials at the Federal Reserve Bank of New York's Trading Desk.
Ans: B) the seven members of the Fed's Board of Governors and five of the Federal Reserve bank presidents.
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Nick Lewis does not work and has not looked for work because of a disability. He is
a. a member of the labor force who is temporarily unemployed b. a member of the labor force who chooses not to be employed c. a member of the labor force who is underemployed d. a discouraged worker who is not a member of the labor force e. not a member of the labor force
Supply-side economics calls for:
a. lower taxes on businesses and individuals. b. All of the answers are correct. c. regulatory reforms to increase productivity. d. government subsidies to promote technological advance.