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.

c. Federal Open Market Committee.

Explanation:

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.

month 1 start amount =$3287.90 interest=(3287.90x0.0145/12)3.97 total to pay=$3291.81 paid =$1200 balance =$2,091.87

month 2 starting amount= $2,091.87 interest =$25.28 total to pay =$2117.15 paid =$1200 balance $917.15

month 3 starting amount =$917.15 interest =$11.08 total to pay =$928.23 paid =$928.23 balance =$0 total to pay 1200+1200+928.23 = $3328.23 it will take 3 months to pay a total of $3328.23

answer; dogs;