The voting members of the Federal Open Market Committee consist of the Board of Governors plus the
A)President of the United States.
B)presidents of the 12 Fed district banks.
C)presidents of 5 Fed district banks.
D)Federal Advisory Council.

Question

The voting members of the Federal Open Market Committee consist of the Board of Governors plus the ​
A)President of the United States.
B)presidents of the 12 Fed district banks.
C)presidents of 5 Fed district banks.
D)Federal Advisory Council.

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) consists of the seven members of the Board of Governors of the Federal Reserve System and five of the twelve Reserve Bank presidents. The president of the Federal Reserve Bank of New York is a permanent member, while the other four spots are filled on a rotating basis from the remaining 11 Reserve Banks.

The Voting Members of the Federal Open Market Committee Consist