Which of the following is responsible for decision making regarding the purchase and sale of bonds by the Fed?
A) The chairman of the Board of Governors of the Federal Reserve System.
B) The Federal Open Market Operations Committee.
C) The U.S. Secretary of Treasury.
D) The president, with the advice and consent of the chairman of the Council of Economic Advisers.

Question

Quizplus · Accepted Answer

The Federal Open Market Operations Committee is responsible for making decisions regarding the purchase and sale of bonds by the Fed. This committee is made up of the seven members of the Board of Governors of the Federal Reserve System and five of the 12 Federal Reserve Bank presidents. The chairman of the Board of Governors may influence decisions, but does not have sole authority over them. The U.S. Secretary of Treasury and the president with the advice and consent of the chairman of the Council of Economic Advisers do not have direct involvement in these decisions.

Which of the Following Is Responsible for Decision Making Regarding