The Federal Open Market Committee (FOMC)
A) determines the government's tax policy.
B) determines the Fed's monetary policy.
C) oversees all transactions on the stock market.
D) lends to the least credit-worthy customers who otherwise can't get loans.

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is responsible for setting the monetary policy of the United States, which includes decisions on interest rates and the growth of the United States money supply.