True or false?The Federal Open Market Committee is composed of seven members of the Board of Governors and 4 publicly elected members of Congress. Select the correct answer below:TrueFalse

The Federal Open Market Committee includes the Board of Governors, the of the New York Fed, and Federal Reserve bank presidents from other district banks who serve on a rotating basis. (Use one word for each blank)

The Federal Open Market Committee (FOMC) is composed of the seven members of the Board of Governors, Group of answer choicesThe President of the New York Federal Reserve District Bank and four Federal Reserve District Bank Presidents who rotate.and five state governors who rotate.Four Federal Reserve District Bank Presidents who rotate, and the Head of the Senate Banking Committee.And the Seceretary of the Treasury.

The role of the Federal Open Market Committee is to:A.establish new Federal Reserve districts.B.enforce Federal Reserve rules on banks.C.set monetary policy for the United States.D.appoint the Federal Reserve Board of Governors.

Which part of the Federal Reserve System is made up of seven members appointed by the president?A.Federal Reserve Board of GovernorsB.Federal Reserve banksC.Federal Open Market CommitteeD.Federal Reserve Expansionary Organization

Multiple Choice QuestionHow are the members of a board of directors selected?Multiple choice question.They are elected by the stockholders of the corporation.They are appointed by the top management of the corporation.They are appointed by the shareholders with the most shares of stock.They are elected by non stock-holding employees.