Question

The New York Federal Reserve Bank Group of answer choices

A. president always gets to vote at the FOMC meetings.
B. All of the above are correct.
C. is one of 12 regional Federal Reserve Banks.
D. conducts open market transactions.

Answer 1

The New York Federal Reserve Bank Group of president always gets to vote at the FOMC meetings.

A. president always gets to vote at the FOMC meetings.

Step-by-step explanation:

The FOMC (Federal open market committee) is the the group which implements policies for the federal reserve systems. The New York Federal Reserve Bank Group, The president always gets to vote at the FOMC meetings.

There are 12 members who can vote and nine of the voting presidents of the reserve bank vote once in every three years. The president of the federal reserve bank also votes. the votes are casted in a rotating basis.