The Federal Open Market Committee

question 58

Multiple Choice

The Federal Open Market Committee

• A) consists of the Fed chairman and the 12 regional bank presidents.
• B) meets every week to review the state of the economy.
• C) is the main policy-making organ of the Federal Reserve.
• D) is headed by the president of the New York Federal Reserve Bank.

---

Definitions:

Retrieval Cue

A stimulus that allows for the recall of information stored in memory, facilitating access to particular pieces of information.

Mnemonic Device

A tool that aids in remembering information, often using patterns of letters, ideas, or associations.

Eidetic Image

A mental image that is unusually vivid and detailed, as if the person is actually seeing it in front of them.

Mnemonic Device

A tool that aids in the memorization of information by associating unique phrases or images with the data to improve recall.