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22 January, 12:56

There are7 members of the Federal Reserve Board of Governors. Which of the following is a responsibility of the Federal Open Market Committee (FOMC) ? Issuing mortgages to homeowners Buying and selling stocks Making decisions regarding monetary policy

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  1. 22 January, 15:35
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    Making decisions regarding monetary policy

    Explanation:

    The Federal Open Market Committee (FOMC) is is composed by twelve voting members. Their main duties include deciding policies that affect the money supply and direct market operations. They also decide about the FED's interest rates and the interest rates that banks should charge for federal funds.
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