Which of the following describes a role of the Federal Open Market Committee?(1 point)

Question

Responses

managing the nation’s money supply
managing the nation’s money supply

appointing members to the Board of Governors
appointing members to the Board of Governors

setting the discount rate and reserve requirements for member banks
setting the discount rate and reserve requirements for member banks

collecting economic information for each of the 12 districts of the nation

Answer 1

setting the discount rate and reserve requirements for member banks