The Federal Open Market Committee is responsible for
A) setting interest rates.
B) running the check-clearing process.
C) overseeing the buying and selling of government securities in the open market.
D) reducing the Fed's reliance on open market operations.

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is responsible for overseeing the buying and selling of government securities in the open market. This is done in order to influence the money supply and interest rates.

The Federal Open Market Committee Is Responsible for