Asked by Yania Campbell on May 28, 2024
Verified
Which of the following is charged with the job of buying and selling securities?
A) The New York Federal Reserve Bank
B) The Federal Advisory Council
C) The United States Treasury
D) The Department of Internal Affairs
E) The Office of Management and Budget
Securities
Assets that denote a share in the equity of a corporation available on the public market (stock), a lending agreement with a government or corporate body (bond), or ownership claims evidenced by an option.
New York Federal Reserve Bank
One of the 12 regional Reserve Banks in the Federal Reserve System, playing a key role in monetary policy, financial supervision, and the payment system.
Federal Advisory Council
A group of individuals who provide advice and support to a central governing body, such as the Federal Reserve in the United States, on matters of economic policy.
- Understand the operation of open market operations and their significance in the context of monetary policy.
Verified Answer
BG
Breeann GarverMay 29, 2024
Final Answer :
A
Explanation :
The New York Federal Reserve Bank is responsible for conducting open market operations, which involve buying and selling securities to implement monetary policy. This is a key function of the Federal Reserve System to control the money supply and influence interest rates.
Learning Objectives
- Understand the operation of open market operations and their significance in the context of monetary policy.