SIE Exam Question 642: Answer and Explanation

Question: 642

All but which of the following are correct regarding the Federal Open Market Committee (FOMC)?

  • A. It consists of 12 members.
  • B. It holds 8 regularly scheduled meetings per year.
  • C. It reviews economic and financial conditions and determines the appropriate stance of monetary policy.
  • D. All of the above are correct.

Correct Answer: D

Explanation:

The Federal Open Market Committee (FOMC) consists of 12 members and holds 8 regularly scheduled meetings per year. It reviews economic and financial conditions and determines the appropriate stance of monetary policy.

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