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The​ (FOMC) Federal Open Market Committee
a. includes the Board of Governors and the presidents of the 12 Federal Reserve regional banks​ (though not all are voting​ members).
b. determines the target federal funds rate and the direction of open market operation policies.
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:

B) 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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