The Policy Directive from the FOMC Is Carried Out by

question 25

Multiple Choice

The policy directive from the FOMC is carried out by

• A) the presidents of the district banks.
• B) the presidents of commercial banks that are members of the Federal Reserve System.
• C) the account manager at the Federal Reserve Bank of New York.
• D) private dealers in the bond market.

---

Definitions:

Emigrate

To leave one's country of origin to live permanently in another country.

Economic Development

The process by which a nation improves the economic, political, and social well-being of its people, often through increased industrial activity and improvements in living standards.

Indebtedness

The state of owing money or being under financial obligation to another entity, which can apply to individuals, corporations, or countries.

Global Prices

The standard cost of goods and services determined by the global market, affecting economies worldwide.