The group at the Fed that has great responsibility for determining the amount of fiat money and the level of interest rates is the:
A) Central Bank Council.
B) Federal Open Market Committee.
C) Federal Reserve Board of Examiners.
D) Branch Bank President's Council.

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is responsible for overseeing the nation's open market operations and making key decisions about interest rates and the growth of the United States money supply, which directly influences the amount of fiat money and the level of interest rates.

The Group at the Fed That Has Great Responsibility for Determining