The Federal Open Market Committee consists of the:
A) 7 members selected by the President and a chairperson selected by the Board of Governors of the Federal Reserve System.
B) 12 district Federal Reserve Bank presidents, the 7 governors from the Board of Governors, and the Treasury secretary.
C) 9 directors each elected by a district Federal Reserve Bank and 3 members selected by the Treasury secretary.
D) none of the above
Correct Answer:
Verified
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