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Assuming the Fed's Board of Governors is at full strength, the Federal Open Market Committee (or FOMC):
Group of answer choices
a meets periodically to decide on appropriate fiscal policy actions.
b is comprised of seven Fed bank presidents and five members of the Board of Governors.
c is accurately described by none of the listed options.
d meets periodically to decide on appropriate monetary policy actions, but these actions must be approved by the President.
e is comprised of five Fed bank presidents and seven members of the Board of Governors.
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