the Fed

FOMC stands for

• Falling Off Middle Class

• Frozen Oyster Mashed Chips

• Federal Open Market Committee

• Father Openning Money Closet

How many member bank presidents have chairs in FOMC?

• 6

• 7

• 9

• 12

How many members of the Board of Governors are able to participate in FOMC?

• 6

• 7

• 9

• 12

Which is the correct number of Reserve Banks in U.S. ?

• 6

• 7

• 9

• 12

The board of each Reserve Bank has ........ members.

• 6

• 7

• 9

• 12

How many members of the Reserve Bank's board are appointed by the member banks?

• 3

• 6

• 9

• 12

How many members of the Reserve Bank's board are appointed by the Board of Governors?

• 3

• 6

• 9

• 12

The Board Chair of each Reserve Bank is appointed by?

• Its member banks (commercial banks)

• The Federal Reserve

• FOMC

• Board of Governors

How many presidents out of 12 presidents of Reserve Banks at FOMC have voting right?

• 5

• 7

• 9

• 12