Answered

04.03 LC) What is the main function of the Federal Open Market Committee?

A. Extend loans to consumers.
B. Oversee administration of financial regulations.
C. Set monetary policy to promote economic growth.
D. Write laws governing finance and trade.



Answer :

GinnyAnswer

Final answer:

The main function of the Federal Open Market Committee is to set monetary policy to promote economic growth through open market operations.


Explanation:

The main function of the Federal Open Market Committee (FOMC) is to set monetary policy to promote economic growth. One of the primary tools used by the Federal Reserve to conduct monetary policy is open market operations. Through buying and selling government bonds, the FOMC influences the money supply and interest rates to achieve economic goals.


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