Answer: 1. Five
2. Making decisions regarding monetary policy.
3. Open market operations, buy
Explanation:
The Federal Open Market Committee usually meet eight times a year in Washington. The voting members are members of the Federal Reserve Board of Governors but only five of the president of the regional banks are members.
The Federal Open Market Committee is the Federals monetary policy making body. The Committee is responsible for the formulation of policies that are designed to promote economic growth and price stability. The country's money supply is managed by the Federal Open Market Committee.
In order to increase the number of dollars available in the economy of the United States, the Federal Reserve will purchase government bonds using the open market operations. When the Federal reserve buys bonds, there is more money available in the economy.