Which of the following entities actually executes open-market operations?
A)the Board of Governors
B)the New York Federal Reserve Bank
C)the Federal Open Market Committee
D)the Open Market Committees of the regional Federal Reserve Banks

Question

Quizplus · Accepted Answer

The New York Federal Reserve Bank is responsible for executing open-market operations, as directed by the Federal Open Market Committee (FOMC). The Board of Governors and Open Market Committees of regional banks help formulate policy but do not directly execute transactions.

Which of the Following Entities Actually Executes Open-Market Operations