The Voting Members of the Federal Open Market Committee Consists

question 21

Multiple Choice

The voting members of the Federal Open Market Committee consists of the

• A)seven Board of Governor members and the 12 Federal Reserve Bank presidents.
• B)seven Board of Governor members and five Federal Reserve Bank presidents.
• C)12 Board of Governor members and the seven Federal Reserve Bank presidents.
• D)12 Board of Governor members and the five Federal Reserve Bank presidents.
• E)six Board of Governor members and six Federal Reserve Bank presidents.

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Definitions:

Assumptions

Assumptions are accepted truths or beliefs that are taken for granted without proof, used as a basis for reasoning, discussions, or theoretical modeling.

Nonparametric Test

A type of statistical test that does not assume the data follows a normal distribution or any other specified parameters.

ANOVA

Short for Analysis of Variance, it's a statistical method used to compare means among three or more groups for statistical significance.

Levene Test

A statistical test used to assess the equality of variances for a variable calculated for two or more groups.