The Federal Open Market Committees

A) include all seven members of the Board of Governors,the President,and ranking members of the Senate and Congress.
B) conduct the most important parts of monetary policy.
C) has complete control over the entire financial system.
D) is responsible for the fiscal policy of the United States.

Federal Open Market Committees

A branch of the Federal Reserve that oversees the nation's open market operations and sets the federal funds rate, influencing the economy.

Monetary Policy

Actions undertaken by a central bank, such as modifying interest rates, to control the money supply and achieve economic objectives.

Financial System

The complex of institutions, markets, and instruments involved in the exchange of money and credit within an economy.