(3)A majority of the Federal Open Market Committee (FOMC) is comprised of Select

Question

(3)A majority of the Federal Open Market Committee (FOMC) is comprised of Select one: a. the five voting Federal Reserve bank presidents. b. the 12 Federal Reserve bank presidents. c. the seven members of the Board of Governors. d. none of these choices (3)A majority of the Federal Open Market Committee (FOMC) is comprised of Select one: a. the five voting Federal Reserve bank presidents. b. the 12 Federal Reserve bank presidents. c. the seven members of the Board of Governors. d. none of these choices Select one: a. the five voting Federal Reserve bank presidents. b. the 12 Federal Reserve bank presidents. c. the seven members of the Board of Governors. d. none of these choices

Explanation / Answer

(3)A majority of the Federal Open Market Committee (FOMC) is comprised of

Select one:

Answer

c. the seven members of the Board of Governors.

The Federal Open Market Committee (FOMC) is composed of the board of governors, which has seven members, and five Federal Reserve Bank presidents.

Therefore, the majority is comprised of the seven members of the Board of Governors.

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