3 years ago

What is the main function of the Federal Open Market Committee?

2 answers:

8 0

To conduct monetary policy, it's open market operations. Buying and selling of federal government bonds to influence the money supply in the rate of interest. These operations are responsibility of Federal Open Market Committee. Ask google for more friend, hope I helped!

Contact [7]3 years ago

8 0

Answer:

The correct answer is: To manage the supply of money of the nation.

Explanation:

The Federal Open Market Committee or FOMC is the institution of the Fed (<em>Federal Reserve System</em>) of the United States that creates the policies on monetary matters. Besides, it is responsible for formulating a policy focused on promoting steady prices and economic prosperity.

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