The U.S. Banking System Which of the following statements about the FOMC is correct: Group of answer choices It is the body of the Federal Reserve System that sets national monetary and fiscal policies. It makes all decisions regarding the purchase and sale of government securities in the open market, which have a direct effect on the federal funds rate and communicates with the public about the likely future course of monetary policy. It holds 12 regularly scheduled meetings per year to assess whether changes in monetary policy are needed to foster price stability and sustainable economic growth. All of the above Flag