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The​ (FOMC) Federal Open Market Committee
A. determines the target federal funds rate and the direction of open market operation policies.
B. includes the Board of Governors and the presidents of the 12 Federal Reserve regional banks​ (though not all are voting​ members).
C. makes decisions that are voted on by all 7 members of the Board of Governors but only 5 of the 12 regional bank presidents.
D. All of the above.
E. A and B only.

Respuesta :

jepessoa

Answer:

A) determines the target federal funds rate and the direction of open market operation policies.

Explanation:

The Federal Open Market Committee (FOMC) is made up of 12 members:

  • the seven members of the Board of Governors of the FED
  • president of the Federal Reserve Bank of New York
  • four of the remaining eleven federal reserve bank presidents

Its main roles are to:

  1. set monetary policy
  2. set target federal funds rate
  3. implement the open market operation policies

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