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ion-takeQuiz&quiz;_probGuid-QNAPCOA801010000003b167d50070000&uctx; susan AB UHC DATA ENRY BPM ADMIN D AETNA ADMIN paylocity 0 SHARED Home Grades Personalized Reviews Discussion Course Materiats Monetary Policy Graded Assignment | Back to Assignment Due Sunday 12.03.17 at 11:45 PM Keep the Highest: 3.6 Attempts: 5. The Federal Reserve's organization All members of the Federal Reserve Board of Governors vote at Federal Open Market Committee (FOMC) meetings. Aa Aa However, only of the regional bank presidents are members of the FOMC. Which of the following is a responsibility of the Federal Open Market Committee (FOMC)? O O O Buying and selling stocks Making decisions regarding monetary policy Issuing mortgages to homeowners The Federal Reserve's primary tool for changing the money supply is decrease the number of dollars in the U.S. economy (the money supply), the Federal Reserve will government bonds. In order to U.S Grade It Now Save & Co © 2013 Crngage teaming "cept as noted. A.ngte sreserved. Continue without saving Security Notice

Explanation / Answer

There are only 5 members who are the presidents of regional banks and are a part of FOMC. The main function of the committee is to conduct monetary policy and take decisions regarding that.

The primary tool is open market operations. To decrease the money supply the Fed has to sell government bonds. This will squeeze liquidity from the market.

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