In which of the following ways does the Board of Governors act informally? A. It

Question

In which of the following ways does the Board of Governors act informally? A.   It recommends candidates to serve as directors of the 12 district banks. B.   On the Federal Open Market Committee (FOMC), the vote of the Board of Governors is decisive for issuing monetary policy directives. C.   The Board of Governors encourages district banks to conduct open-market operations to more effectively implement policy. D.   The Board of Governors frequently sets reserve requirements outside the bounds set by legislation

Explanation / Answer

B.   On the Federal Open Market Committee (FOMC), the vote of the Board of Governors is decisive for issuing monetary policy directives.

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