Question

Although reserve requirements and the discount rate are not actually set by the ________, decisions concerning these policy tools are effectively made there. Board of Governors Federal Reserve Banks Federal Open Market Committee Federal Reserve Bank of New York

Answer 1

Federal Open Market Committee

Step-by-step explanation:

The Federal Open Market Committee is a committee in the Federal Reserve System of the United States. It is responsible for the monetary policy of United States. The members of the committee meet regularly to make monetary policies.

The Federal Reserve of U.S. controls three tools of monetary policy--

reserve requirements, the discount rate and open market operations .

The Federal Open Market Committee is authorized for open market operations in the United States.

Thus the answer is -- Federal Open Market Committee