The FOMC (Federal Open Market Committee) is the principal policy-making body within the Federal Reserve System. It is responsible for setting monetary policy and making key decisions about interest rates, money supply, and the overall health of the economy. Option B is incorrect because the FOMC is not a membership committee, and option C is incorrect because the FOMC is not an investigative organization.

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The FOMC Is

Question 56

Multiple Choice

The FOMC is

A) the principal policy-making body within the Federal Reserve System.
B) the principal Fed operations membership committee.
C) the principal ongoing investigative organization within the Federal Reserve System.
D) All of the above are correct.

Correct Answer: