Which of the following is TRUE regarding the Federal Open Market Committee (FOMC)?
A) It is the main policy-making group of the Congress.
B) Representatives from each state control its operation.
C) It meets about every six weeks to decide on monetary policy.
D) Both answers A and C are correct.
C
You might also like to view...
The Federal Reserve conducts monetary policy
Indicate whether the statement is true or false
Which of the following is a major pitfall to avoid when purchasing a home?
A) making a large down payment B) use of a fixed rate mortgage to cover 80 percent of the purchase price C) making a small down payment, for example 5 percent or less D) economical purchase of a home that has gone through the foreclosure process
The money that firms raise to finance their activities is called? ________
A. Capital B. Working Capital C. Accruals
Recall the Application about the salaries paid in Major League Baseball to answer the following question(s). Some Major League Baseball players are free agents, meaning they are free to negotiate a contract with any team. Other players are journeymen and apprentices, who are restricted to a single team.Recall the Application. What was the reason that rookies on the average are paid much less than their MRPs?
A. Their negotiations are restricted to only one team. B. Most of their salary goes to health insurance. C. They are terrible at negotiations. D. None of them are good players, so they are paid very little.