The Federal Open Market Committee is comprised of the presidents of the 12 Feder

Question

The Federal Open Market Committee is

comprised of the presidents of the 12 Federal Reserve banks.

another name for the Board of Governors.

the government committee charged with determining income tax rates.

a seven-member board, each serving a 14-year term.

the main policy making body of the Fed.

comprised of the presidents of the 12 Federal Reserve banks.

another name for the Board of Governors.

the government committee charged with determining income tax rates.

a seven-member board, each serving a 14-year term.

the main policy making body of the Fed.

Explanation / Answer

Right answer is : the main policy making body of the Fed

Federal Open Market Committee is key decision making body. it has been entrusted with carrying out activites of buying and selling government securities and influence interest rate in market.

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