The Primary Responsibility of the Federal Open Market Committee (FOMC)

The primary responsibility of the Federal Open Market Committee (FOMC) is:

A) issuing currency and acting as the fiscal agent for the federal government.
B) handling the Fed's collection of checks and adjusting legal reserves among banks.
C) setting the Fed's monetary policy and directing the buying and selling of government securities.
D) supervising bank operations to make sure they follow regulations and monitoring banks for fraud.