Which of the following statements are correct?
I.Congress does not play a role in making monetary policy decisions.
Ii.The FOMC meets eight times a year to make monetary policy decisions.
Iii.The President of the United States appoints members and the Chairman of the Board of governors but has little other formal authority over monetary policy.
A)i,ii,and iii
B)i,and ii
C)ii only
D)i and iii
E)ii and iii

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is the body within the Federal Reserve System that makes monetary policy decisions. The FOMC meets eight times a year to set interest rates and conduct other monetary policy operations. The President of the United States appoints members and the Chairman of the Board of Governors but has little other formal authority over monetary policy.

Which of the Following Statements Are Correct