The Open Market Committee is responsible for determining the:
A) reserve requirement on deposits.
B) timing of commercial bank examinations.
C) discount rate charged to borrowing financial depository institutions.
D) policy regarding the buying and selling of securities by the Federal Reserve.

Question

Quizplus · Accepted Answer

The Open Market Committee, specifically the Federal Open Market Committee (FOMC), is responsible for setting monetary policy, including the buying and selling of government securities, which influences the money supply and interest rates.

The Open Market Committee Is Responsible for Determining The