At any meeting of the Federal Open Market Committee,that committee's voting members consist of
A)5 Federal Reserve Regional Bank Presidents and all the members of the Board of Governors.
B)5 Federal Reserve Regional Bank Presidents and 5 members of the Board of Governors.
C)12 Federal Reserve Regional Bank Presidents and all the members of the Board of Governors.
D)12 Federal Reserve Regional Bank Presidents and 5 members of the Board of Governors.

Question

Quizplus · Accepted Answer

The FOMC consists of 7 members of the Board of Governors and 5 Federal Reserve Bank presidents, with the president of the New York Fed being a permanent voting member and the other 4 presidents serving on a rotating basis.

At Any Meeting of the Federal Open Market Committee,that Committee's