The Federal Open Market Committee is comprised of A. the seven members of the Board of Governors plus five of the twelve Federal Reserve Bank presidents. B. the five members of the Board of Governors plus the twelve Federal Reserve Bank presidents. C. the seven members of the Board of Governors plus the twelve Federal Reserve Bank presidents. D. the five members of the Board of Governors plus seven of the twelve Federal Reserve Bank presidents.

A. the seven members of the Board of Governors plus five of the twelve Federal Reserve Bank presidents.

Explanation:

The Federal Reserve Bank commonly known as "The Fed" is the central bank of the United States of America.

The Federal Open Market Committee under the Federal Reserve Bank is comprised of the seven members of the Board of Governors plus five of the twelve Federal Reserve Bank presidents.

The Federal Reserve System (the 'Fed) was created by the Federal Reserve Act, passed by Congress in 1913. The Fed began operations in 1914. It was founded by President Woodrow Wilson under the Federal Reserve Act, which was aimed at backing each banks in order to put a definitive end to the bank panics of the 1800s.

Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;

- Controlling the issuance of currency in United States of America (it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets).

- Providing banking services to all the commercial banks in the country (the Federal Reserve is the "lender of last resort).

- Regulating banking activities (it has the power to supervise and regulate banks).