The seven-member board of the Federal Reserve that sets monetary policy is called
A)the Federal Reserve Open Market Committee
B)the Federal Reserve Board of Governors
C)the Federal Reserve Advisory Committee
D)none of the above

Question

Quizplus · Accepted Answer

The seven-member board of the Federal Reserve that sets monetary policy is called the Federal Reserve Board of Governors. Option A refers to the larger group of policymakers that includes the board of governors and other regional bank presidents, while option C refers to a separate advisory committee that provides input to the Federal Reserve. Option D is not a valid response.

The Seven-Member Board of the Federal Reserve That Sets Monetary