Open Market Operations are conducted by
A) the main Fed office in Washington,D.C.
B) the U.S.Treasury on behalf of the Fed.
C) the Federal Reserve Bank of New York.
D) a consortium of private banks contracted by the Fed.

Question

Quizplus · Accepted Answer

Open Market Operations are conducted by the Federal Reserve Bank of New York, which is responsible for implementing the monetary policy decisions made by the Federal Open Market Committee (FOMC). The New York Fed holds accounts for financial institutions, including primary dealers, and buys or sells U.S. government securities to influence the supply of money and credit in the economy.

Open Market Operations Are Conducted by