The Federal Open Market Committee Consists of

question 166

Multiple Choice

The Federal Open Market Committee consists of

• A)12 members, all of whom are the presidents of Federal Reserve banks.
• B)12 members, seven of whom are the members of the Board of Governors, four of whom are presidents of Federal Reserve banks, and the president of the United States.
• C)12 members, seven of whom are the members of the Board of Governors and five of whom are presidents of Federal Reserve banks.
• D)12 committees, all serving on the Board of Governors.
• E)12 members, split evenly so that six of whom are members of the Board of Governors and six of whom are presidents of Federal Reserve banks.

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