The Federal Open Market Committee consists of O 12 members, each of which is the president of one of the 12 Federal Reserve banks O the 7 members of the Board of Governors, the Chairman of the Fed, the US Treasury Secretary, and the president of the Federal Reserve Bank of New York O the chairman of the Fed, the chairman of the president's council of economic advisors, the US treasury secretary, and 4 of the 12 Federal Reserve Bank presidents who serve on a rotating basis O the 7 members of the Board of Governors, president of the Federal Reserve Bank of New York, and 4 other Federal Reserve Bank presidents
The Federal Open Market Committee consists of O 12 members, each of which is the president of one of the 12 Federal Reserve banks O the 7 members of the Board of Governors, the Chairman of the Fed, the US Treasury Secretary, and the president of the Federal Reserve Bank of New York O the chairman of the Fed, the chairman of the president's council of economic advisors, the US treasury secretary, and 4 of the 12 Federal Reserve Bank presidents who serve on a rotating basis O the 7 members of the Board of Governors, president of the Federal Reserve Bank of New York, and 4 other Federal Reserve Bank presidents
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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12 ( answer only )

Transcribed Image Text:ses/64110/quizzes/228875/take
Question 12
1 pts
The Federal Open Market Committee consists of
O 12 members, each of which is the president of one of the 12 Federal Reserve banks
O the 7 members of the Board of Governors, the Chairman of the Fed, the US Treasury Secretary, and the president of
the Federal Reserve Bank of New York
O the chairman of the Fed, the chairman of the president's council of economic advisors, the US treasury secretary, and
4 of the 12 Federal Reserve Bank presidents who serve on a rotating basis
O the 7 members of the Board of Governors, president of the Federal Reserve Bank of New York, and 4 other Federal
Reserve Bank presidents
1 pts
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