The FOMC, or Federal Open Market Committee, is the Fed's monetary policymaking body. The Federal Reserve Act of 1913 delegated monetary policymaking to the Federal Reserve. The Federal Reserve is in charge of three monetary policy tools: open market operations, the discount rate, and reserve requirements.
The Federal Reserve's open market operations (OMOs)—the purchase and sale of securities in the open market by a central bank—are a key tool in the implementation of monetary policy. The Federal Open Market Committee establishes the short-term goal for open market operations (FOMC). The Federal Open Market Committee's primary responsibility is to buy and sell federal government bonds in order to conduct monetary policy.
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Obeying the laws of the country,paying taxes levied by the gouvernment,or serving in a jury or as a witness in court...
The Proclamation of 1763 limited the colonies from expanding west of the Appalachian Mountains. King George III of Britain proclaimed that all lands west of the Appalachian Mountain Region were uninhabitable for colonial settlers and reserved for Indigenous Americans.