Ask Question
Social StudiesSocial Studies
16 September, 13:24

Which group votes on the open-market operations that are used to control the U. S. money supply and interest rates?

a. The Board of Governors of the Federal Reserve System.

b. The Federal Open Market Committee (FOMC).

c. The Federal Reserve System.

d. The 12 Federal Reserve Banks.

+3
Answers (2)
  1. 16 September, 15:50
    0
    b. The Federal Open Market Committee (FOMC).

    Explanation:

    The FOMC mainly determines the monetary policy including the interest rates etc. It is a branch of Federal Reserve Board. The FOMC has a total of 12 voting members. These members include 5 Federal Reserve Bank presidents out of the total 12 presidents and the remaining 7 voting members are the Board of Governors. This way the FOMC votes and determines the monetary policy.
  2. 16 September, 16:56
    0
    The Correct Answer is B

    Explanation:

    The Federal Open Market Committee (FOMC), a board inside the Federal Reserve System, is indicted following United States legislation with supervising the country's open market operations. The principal purpose of the Federal Open Market Committee is to manage the financial system. A consolidated record of economic situations in each of the Federal Reserve regions; done by the Federal Open Market Committee in expressing financial strategy.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which group votes on the open-market operations that are used to control the U. S. money supply and interest rates? a. The Board of ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
2 ... he failed to win the badminton competition, he would still feel happy A. Even if B. however C. on other hand D. in contrast E. unless
Answers (1)
What national institution did Andrew Jackson work hard to kill? National Railroad Second National Bank or Bank of the United States First National Bank United States Government American Road What national institution did Andrew Jackson work hard to
Answers (1)
What can you conclude about the sediment carried in the river
Answers (1)
Which is required for the standard of living to go up
Answers (1)
Are the rocky mountains part of the northeast region true or false
Answers (1)
New Questions in Social Studies
When political leaders respond to the policy desires of the majority the result is?
Answers (1)
What website would be more beneficial in building a portfolio for a student rather than an entrepreneur? A WordPress B Tumblr C Rcampus D Blogger
Answers (2)
Germany's Black Forest is being destroyed as a result of which environmental issue?
Answers (1)
Which of the following ethnic groups are generally nomadic herders? A. Mongols B. Kazakhs C. Croats D. Koreans
Answers (1)
conflict theory attributed to Emile Durkheim b. a sociological perspective c. a generalized explanation d. attributed to Auguste Comte
Answers (2)
Home » Social Studies » Which group votes on the open-market operations that are used to control the U. S. money supply and interest rates? a. The Board of Governors of the Federal Reserve System. b. The Federal Open Market Committee (FOMC). c. The Federal Reserve System.
Sign Up Forgot Password?