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
Answer: B
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