The FOMC is charged with overseeing ________, which affect(s) ________. Changes in the ________ trigger a chain of events that affect ________, foreign exchange rates, long-term interest rates, the amount of money and credit, and, ultimately, employment, ________. 

 

A. monetary policies; interest rates; Fed's monetary policy tools; the inflation rate; the federal government budget and several labor market indicators 

 

B. The purchase and sale of government securities; operations of the U.S. Department of the Treasury; federal funds rate; the inflation rate; unemployment and fiscal policies

 

C. Open market operations; the federal funds rate; federal funds rate; other short-term interest rates; production and prices 

 

D. All of the above 

 

E. None of the above