The Federal Open Market Committee Consists of the Seven Members

question 257

Multiple Choice

The Federal Open Market Committee consists of the seven members of the ________,the president of the Federal Reserve Bank of New York,and ________.

• A)Federal Reserve's Board of Governors; four members of the Council of Economic Advisors
• B)Federal Reserve's Board of Governors; four presidents from the other 11 Federal Reserve banks
• C)Council of Economic Advisors; four presidents from the 11 Federal Reserve banks
• D)Council of Economic Advisors; four members of the U.S.Banking Committee

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Definitions:

Trusting Relationships

involve interactions characterized by confidence, reliance, and belief in the integrity, character, and ability of another person or entity.

Self-Gain

The pursuit of personal benefit or advantage, often without regard for others.

Serve Followers

A leadership approach focused on the needs, development, and wellbeing of followers, prioritizing their interests.

Earn Respect

Achieving admiration and esteem from others through one’s actions, behavior, and character.