Capital MarketsQuestion 355 of 398
The Federal Open Market Committee (FOMC) is the body within the Federal Reserve responsible for:
a.Directing open market operations to implement monetary policy
b.Insuring customer brokerage accounts
c.Registering new securities offerings
d.Setting federal income tax rates
Explanation
The FOMC is the Federal Reserve committee that sets the target for the federal funds rate and directs open market operations, the buying and selling of government securities. These decisions are the Fed's principal means of implementing monetary policy.
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