The Federal Open Market Committee (FOMC) is composed of the seven members of the Board of Governors,
A) the president of the New York Federal Reserve District Bank,and four of the remaining 11 Federal Reserve District Bank presidents who rotate on an annual basis.
B) and five state governors who rotate on an annual basis.
C) four Federal Reserve District Bank presidents who rotate on an annual basis,and the head of the Senate Banking Committee.
D) and the Secretary of the Treasury.
Correct Answer:
Verified
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A) has
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A)
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A) clears checks.
B) holds depository institutions'
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