The Federal Open Market Committee consists of the
A) Federal Reserve chairman and the other six members of the Board of Governors.
B) Federal Reserve branch bank presidents.
C) Federal Reserve chairman and the Federal Reserve branch bank presidents.
D) Federal Reserve chairman, the other six members of the Board of Governors, and five of the Federal Reserve branch bank presidents.

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) includes the seven members of the Federal Reserve's Board of Governors, the president of the Federal Reserve Bank of New York, and four other presidents from the Federal Reserve Banks who serve on a rotating basis. This makes a total of twelve voting members, combining the Board of Governors and selected Federal Reserve Bank presidents.

The Federal Open Market Committee Consists of the