The Federal Open Market Committee consists of
A) the seven member Board of Governors of the Federal Reserve.
B) the 12 Federal Reserve Bank Presidents.
C) five of the Federal Reserve Bank Presidents.
D) the Board of Governors plus five of the Federal Reserve Bank Presidents.
Answer: D
You might also like to view...
Refer to Figure 3-2. A decrease in the number of firms in the market would be represented by a movement from
A) A to B. B) B to A. C) S1 to S2. D) S2 to S1.
Which of the following responsibilities did the Constitution not give to the federal government?
a. The right to set laws on patents b. The sole right to mint coins c. The right to establish post offices d. The right to tax. e. All of the above
Which of the following is not a variable in the index of leading indicators?
a. Average work week. b. Duration of unemployment. c. Employment claims. d. New businesses.
A tax of $1 on sellers shifts the supply curve upward by exactly $1
a. True b. False Indicate whether the statement is true or false