Which of the following groups within the Federal Reserve System is primarily concerned with open market operations?
A) The Federal Open Market Committee
B) The Federal Advisory Council
C) The Federal Reserve Bank presidents
D) The Board of Governors

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is the group within the Federal Reserve System that is primarily responsible for conducting open market operations. The FOMC is made up of the seven members of the Board of Governors and five of the twelve Federal Reserve Bank presidents. Its main function is to set monetary policy by buying or selling government securities in the open market to influence the federal funds rate and other short-term interest rates.

Which of the Following Groups Within the Federal Reserve System