The Federal Open Market Committee (FOMC)consists Of

question 115

Multiple Choice

The Federal Open Market Committee (FOMC) consists of:

• A)the Board of Governors and the Secretary of the Treasury.
• B)the presidents of the 12 Federal Reserve Banks.
• C)the Board of Governors and some of the Federal Reserve Bank presidents.
• D)the Comptroller of the Currency and seven Reserve Bank presidents.
• E)representatives from banks throughout the U.S.

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Definitions:

Economic Census

A comprehensive survey conducted by a government that collects information about the economic activities of businesses and industries within its jurisdiction.

Secondary Data

Data that was collected by someone else for a different purpose, but is being utilized for another research or analysis.

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