The New York Federal Reserve Bank
A)president always gets to vote at the FOMC meetings.
B)conducts open market transactions.
C)is one of 12 regional Federal Reserve Banks.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

A) The president of the New York Federal Reserve Bank always has a permanent voting position in the Federal Open Market Committee (FOMC) meetings.
B) The New York Federal Reserve Bank conducts open market operations on behalf of the Federal Reserve System.
C) The New York Federal Reserve Bank is one of 12 regional banks that make up the Federal Reserve System.