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Who sits on the FOMC? Group of answer choices A) All 12 district bank presidents B) 7 members of BOG and 5 district bank...

Who sits on the FOMC?

Group of answer choices

A) All 12 district bank presidents

B) 7 members of BOG and 5 district bank presidents

C) All 10 members of the BOG and 4 district bank presidents

D) Only 7 members of the BOG

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Answer #1

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The correct answer is (B) 7 members of BOG and 5 district bank presidents.

FOMC stands for federal Open Market Committee. There are 12 members who sits on the FOMC and among these members 7 are board of Governors(BOG) and 5 are district Reserve Bank presidents(where one is definitely the the president of Fed New York)

Hence, The correct answer is (B) 7 members of BOG and 5 district bank presidents.

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