The Federal Open Market Committee (FOMC) is composed of the seven members of the Board of Governors, Group of answer choicesThe President of the New York Federal Reserve District Bank and four Federal Reserve District Bank Presidents who rotate.and five state governors who rotate.Four Federal Reserve District Bank Presidents who rotate, and the Head of the Senate Banking Committee.And the Seceretary of the Treasury.

The Federal Open Market Committee includes the Board of Governors, the of the New York Fed, and Federal Reserve bank presidents from other district banks who serve on a rotating basis. (Use one word for each blank)

The role of the Federal Open Market Committee is to:A.establish new Federal Reserve districts.B.enforce Federal Reserve rules on banks.C.set monetary policy for the United States.D.appoint the Federal Reserve Board of Governors.

True or false?The Federal Open Market Committee is composed of seven members of the Board of Governors and 4 publicly elected members of Congress. Select the correct answer below:TrueFalse

Which part of the Federal Reserve System is made up of seven members appointed by the president?A.Federal Reserve Board of GovernorsB.Federal Reserve banksC.Federal Open Market CommitteeD.Federal Reserve Expansionary Organization

Which organization in the Federal Reserve System has 12 members and enforces the Federal Reserve's monetary policy?A.The Federal Open Market CommitteeB.The Federal Reserve Board of GovernorsC.The Federal Reserve banksD.The Federal Reserve Treasuries Organization