Question
Who implements the policy decisions related to the monetary control of the U.S. money and banking systems?
Multiple choice question.
The Board of Governors
Federal Open Market Committee
12 Federal Reserve Banks
The Treasury Department
Multiple choice question.
The Board of Governors
Federal Open Market Committee
12 Federal Reserve Banks
The Treasury Department
Answers
GPT-4o mini
The correct answer is **Federal Open Market Committee**. The Federal Open Market Committee (FOMC) is responsible for implementing monetary policy decisions regarding the U.S. money and banking systems.