The Federal Open Market Committee Consists of the Seven Members

question 257

Multiple Choice

The Federal Open Market Committee consists of the seven members of the ________,the president of the Federal Reserve Bank of New York,and ________.

• A)Federal Reserve's Board of Governors; four members of the Council of Economic Advisors
• B)Federal Reserve's Board of Governors; four presidents from the other 11 Federal Reserve banks
• C)Council of Economic Advisors; four presidents from the 11 Federal Reserve banks
• D)Council of Economic Advisors; four members of the U.S.Banking Committee

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Definitions:

Development

Refers to the process of growth, progress, or evolution in various contexts such as personal skills, projects, or products.

Claim

A statement asserting something as a fact or as a right to be possessed.

Adjustment

A modification or alteration made to change something, often to correct or improve it.

Opening Paragraph

refers to the first section of a piece of writing, which introduces the topic or main idea.