The Federal Open Market Committee Was Charged with a Responsibility

The Federal Open Market Committee was charged with a responsibility

A) to determine the level of Federal Reserve Notes allowed to circulate.
B) to supervise and regulate national as well as state banks.
C) to establish a monetary base level and growth leading to a stable economic environment by engaging in an open market operation.
D) to establish the reserve requirements for banks.
E) to serve as the lender-of-the-last-resort.