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.