The interest rate that the FOMC currently chooses to control is:

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is responsible for setting the federal funds rate, which is the interest rate that banks charge each other for overnight loans of reserves. This rate is a key tool used by the FOMC to control monetary policy and help achieve its goals of promoting maximum employment, stable prices, and moderate long-term interest rates. Therefore, the correct answer is A.

The Interest Rate That the FOMC Currently Chooses to Control