The Federal Open Market Committee makes the Fed's decisions on the purchase or sale of government securities,but these purchases or sales are executed by the Federal Reserve Bank of
A)Chicago.
B)Boston.
C)New York.
D)San Francisco.

Question

Quizplus · Accepted Answer

The Federal Reserve Bank of New York executes the purchases or sales of government securities as directed by the Federal Open Market Committee. This is because the New York Fed is responsible for conducting open market operations, which involves buying and selling securities to influence the money supply and achieve the Fed's monetary policy objectives.

The Federal Open Market Committee Makes the Fed's Decisions on the Purchase