Which of the following is not correct?
A)The regional Federal Reserve Banks play a role in regulating banks and ensuring the health of the banking system.
B)The President of the New York Federal Reserve Regional Bank always gets to vote on the decisions made by the Federal Open Market Committee.
C)U.S.monetary policy is made by the Federal Open Market Committee.
D)The Federal Open Market Committee meets every 12 weeks.

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) typically meets eight times a year, which is approximately every six weeks, not every 12 weeks.

Which of the Following Is Not Correct