The Federal Open Market Committee:
A. is comprised of members of the Federal Reserve board and representatives of all Federal Reserve Banks
B. came into being at the time the Federal Reserve System was created
C. is made up of the presidents of the 12 Federal Reserve Banks
D. was created under a provision of the Banking Act of 1935
Answer:D
The Federal Open Market Committee:
A. is comprised of members of the Federal Reserve board and representatives of all Federal Reserve Banks B. came into being at the time the Federal Reserve System was created C. is made up of the presidents of the 12 Federal Reserve Banks D. was created under a provision of the Banking Act of 1935