The main policy- making organization of the Federal Reserve System is the _ .
A) U.S. Mint
B) monetary commission
C) U.S. Treasury
D) Federal Open Market Committee

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is responsible for setting monetary policy in the United States, which includes setting interest rates, buying and selling government bonds, and controlling the money supply. It is made up of the seven members of the Federal Reserve Board of Governors and five of the twelve Federal Reserve Bank presidents.

The Main Policy- Making Organization of the Federal Reserve System