The Federal Reserve entity that determines monetary policy strategy is the                 of Governors more control over Fed operations.
A. Board of Governors.                                                                 B) The FOMC issues directives to the trading desk at the New York Fed.
B. chairman of the Board of Governors.                                                 C) Designers of the Federal Reserve Act did not envision the use of discount
C. Federal Open Market Committee.                                                          lending as a monetary policy tool.
D. Shadow Open Market Committee.                                                       D. All of the above are true statements.
Answer:C
The Federal Reserve entity that determines monetary policy strategy is the                 of Governors more control over Fed operations.
A. Board of Governors.                                                                 B) The FOMC issues directives to the trading desk at the New York Fed.
 B. chairman of the Board of Governors.                                                 C) Designers of the Federal Reserve Act did not envision the use of discount
 C. Federal Open Market Committee.                                                          lending as a monetary policy tool.
 D. Shadow Open Market Committee.                                                       D. All of the above are true statements.
