ECONOMICS
MONETARY POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -The Board of Governors meets regularly, typically every other Monday. The public is invited to attend meetings that are open under the Government in the Sunshine Act.
Detailed explanation-2: -The FOMC holds eight regularly scheduled meetings during the year and other meetings as needed. Links to policy statements and minutes are in the calendars below. The minutes of regularly scheduled meetings are released three weeks after the date of the policy decision.
Detailed explanation-3: -Answer and Explanation: The correct option is D. The Federal Open Market Committee (FOMC) is the monetary policymaking body of the Federal Reserve. The FOMC is composed of 12 members, 7 are the Fed’s Board of Governors and 5 are the Federal Reserve Bank Presidents.
Detailed explanation-4: -The FOMC meeting minutes provide a detailed summary of the FOMC discussion and inform the public and Congress about the full range of policy-makers´ views and debate about monetary policy issues, including the diversity of views.