Voting members of the FOMC include
A)the seven Federal Reserve governors, the presidents of the Federal Reserve Banks of New York, San Francisco, and Chicago, and the presidents of four other Federal Reserve Banks, on a rotating basis.
B)five of the seven Federal Reserve governors and the presidents of five Federal Reserve Banks on a rotating basis.
C)all of the Federal Reserve governors and the presidents of all Federal Reserve Banks.
D)the seven Federal Reserve governors, the president of the Federal Reserve Bank of New York, and the presidents of four other Federal Reserve Banks on a rotating basis.

Question

Quizplus · Accepted Answer

The FOMC voting members consist of the seven Federal Reserve governors, the president of the Federal Reserve Bank of New York, and the presidents of four other Federal Reserve Banks on a rotating basis. This makes a total of 12 voting members.

Voting Members of the FOMC Include