The Open Market Committee is composed of

a. the 7 members of the Board of Governors.
b. the 7 members of the Board of Governors and the president of the Federal Reserve Bank in New York.
c. 12 voting members, and of these, 5 are presidents of regional Federal Reserve banks and the other 7 are the members of the Board of Governors.
d. the presidents of each of the 12 Federal Reserve banks.

ANSWER:

C