The voting members of the Federal Open Market Committee are
A) the Chair, Vice Chair, and five Governors of the Board of Governors.
B) the Chair and Vice Chair of the Board of Governors, and five Presidents of Federal Reserve Banks.
C) the Chair, Vice Chair, and five Governors of the Board of Governors and the Presidents of each of the
Federal Reserve Banks.
D)the Chair, Vice Chair, five Governors, and five Presidents of Federal Reserve Banks, one of which is the President of the New York Federal Reserve Bank.

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) voting members consist of the Chair, Vice Chair, the five Governors of the Board of Governors, and five Presidents of the Federal Reserve Banks, including always the President of the New York Federal Reserve Bank. The other four Presidents serve on a rotating basis.

The Voting Members of the Federal Open Market Committee Are