The Fed has the power to increase or decrease the number of dollars in the economy through the decisions of
A)the Board of Governors.
B)the FOMC.
C)the regional Federal Reserve Bank presidents.
D)the U.S.Treasury.

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is responsible for making decisions about the money supply and interest rates in the economy. It is composed of members of the Board of Governors and representatives from the regional Federal Reserve Banks. Therefore, choice B is the best answer.

The Fed Has the Power to Increase or Decrease the Number