The _____ is a 12-person group that plays an important role in determining the policy of the Federal Reserve System.
A) Board of Governance
B) Federal Open Market Committee
C) U.S. Congress
D) Bank Examiner Committee

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is the 12-person group responsible for making key decisions about interest rates and the growth of the United States money supply, playing a crucial role in determining the policy of the Federal Reserve System.

The _____ Is a 12-Person Group That Plays an Important