Question

The Federal Reserve Bank of New York is always a voting member of the FOMC because A. it carries out the policy directives of the FOMC. B. it always has an employee as a member of the Board of Governors. C. it is the largest of the Federal Reserve districts. D. it has the most political affiliations of the Federal Reserve districts.

Answer 1

Answer:A. it carries out the policy directives of the FOMC.

Explanation: FOMC( Federal open market committee) regulates the monetary policy of the U.S it regulates the three facets of the monetary policy which includes discount rate determination, open market operations and reserve requirements the committee comprise of twelve(12) members.

The Federal reserve Bank of New York is always a voting member because it carries out the policy directives of the FOMC.New York houses many financial institutions hence it is required for effective regulation.