Question

Determine if part of U.S. Federal Reserve System:

1) Board of Governors
2) Office of Management and Budget
3) U.S. Treasury
4) Federal Open Market Committee
5) Office of Comptroller of the Currency

Answer 1

The Board of Governors and the Federal Open Market Committee (FOMC) are part of the U.S. Federal Reserve System. The OMB, U.S. Treasury, and Office of Comptroller of the Currency are not part of the Federal Reserve System.

Step-by-step explanation:

The Board of Governors and the Federal Open Market Committee (FOMC) are part of the U.S. Federal Reserve System. The Office of Management and Budget (OMB), U.S. Treasury, and Office of Comptroller of the Currency are not part of the Federal Reserve System.

1. The Board of Governors is responsible for setting monetary policy and supervising the operations of the Federal Reserve Banks.
2. The FOMC is responsible for making decisions regarding open market operations and interest rates in order to achieve the Federal Reserve's monetary policy objectives.