The power to decide on the amount of government securities the Fed should buy or sell at any given time rests with the

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is responsible for making decisions related to monetary policy, including the purchases or sales of government securities. The FOMC consists of members from the Federal Reserve Board of Governors and presidents of the Federal Reserve Banks. Therefore, choice A is the correct answer. The president, chairperson of the Federal Reserve Board, secretary of Treasury, and the Council of Economic Advisers may all have some influence on monetary policy decisions, but the ultimate authority rests with the FOMC.

The Power to Decide on the Amount of Government Securities