Question: 7. The Feds most important function is to regulate the U.S. money supply. The Board of Governors is composed of seven persons who have the

7. The Fed’s most important function is to regulate the U.S. money supply. The Board of Governors is composed of seven persons who have the responsibility to supervise and control the money supply and the U.S. banking system.

The Federal Open Market Committee (FOMC)

controls the money supply by directing the buying and selling of U.S. government securities.

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