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The Federal Open Market Committee Is Made Up of

Question 20

Multiple Choice

The Federal Open Market Committee is made up of


A) five of the seven Federal Reserve Board governors.
B) the Board of Governors plus five of the presidents of the 12 Federal Reserve banks.
C) 12 members of the Federal Advisory Council plus the chairperson of the Federal Reserve Board.
D) the president of the United States, the secretary of the Treasury, and the members of the Federal Reserve Board.
E) 12 commercial bank presidents chosen by the president of the United States.

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