The Federal Open Market Committee:

A. is independent of the Board of Governors.

B. is composed of all the regional bank presidents.

C. is composed of the Board of Governors and five other regional Reserve Bank presidents.

D. None of the answers is correct.

The correct option here is D) none of the answers are correct.

Explanation:

The federal open market committee consists of total twelve members, where seven are federal reserve board of governors and five are presidents of regional federal banks. This committee usually meets eight times a year.

So from the given above detail regarding open market committee, it is clear that the first three options given in the question are incorrect.