The Primary Responsibility of the Federal Open Market Committee (FOMC)is

question 98

Multiple Choice

The primary responsibility of the Federal Open Market Committee (FOMC) is to

• A) establish a level and growth of the money supply through open market operations to produce a stable economic environment.
• B) supervise the examination of state member banks.
• C) change the reserve requirements of banks.
• D) determine the level of Federal Reserve notes allowed in circulation.
• E) None of the above.