The part of the Federal Reserve that determines and implements the nation's monetary policy and controls the money supply to promote stable prices and economic growth is the:_______
a. president of the Board of Governors.
b. 12 Federal Reserve District Banks.
c. Federal Open Market Committee.
d. Board of Governors.
Open market committe plays most important role for setting monetary policy by fixing target rate not actual rate.Thus they can increase or decrease interest rate.
