The Federal Open Market Committee Consists of All the Following

question 21

Multiple Choice

The Federal Open Market Committee consists of all the following people except

• A)the Board of Governors of the Federal Reserve System.
• B)five presidents of Federal Reserve Banks, on a rotating basis.
• C)the chairman of the President's Council of Economic Advisors.
• D)the President of the Federal Reserve Bank of New York.

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Definitions:

Median Age

The age that divides a population into two numerically equal groups; half the people are older than this age and half are younger.

Probability

The likelihood or chance of an event occurring.

Randomly Selected

Chosen in such a way that every member of a population has an equal chance of being included in the sample.

Presidential Election

A presidential election is the process by which a country or a political entity elects the head of state or president.