The Federal Open Market Committee (FOMC) of the Federal Reserve

The Federal Open Market Committee (FOMC) of the Federal Reserve System is primarily for:

A) Maintaining cash reserves that can be used to settle international transactions
B) Supervising banks to make sure that markets are open to all and remain competitive
C) Issuing currency and acting as the fiscal agent for the Federal government
D) Setting the Fed's monetary policy and directing the purchase and sale of government securities