Which of the Following Statements About the Federal Reserve Board

question 3

Multiple Choice

Which of the following statements about the Federal Reserve Board is FALSE?

• A) The Federal Reserve Board is part of the Department of the Treasury.
• B) The Federal Reserve Board is the main organization for setting monetary policy.
• C) The members of the Federal Reserve Board are selected by the president and confirmed by the Senate.
• D) The president cannot remove the members of the Federal Reserve Board for political reasons.
• E) The Federal Reserve Board sets the federal funds rate.

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Definitions:

Anterograde Amnesia

A condition characterized by the inability to form new memories following the onset of amnesia.

Retroactive Interference

A memory phenomenon where new information disrupts the recall of previously learned information.

Memory Trace Decay

The theory that memory fades and disappears over time if not used, because the neural trace in the brain decays.

Sensory Memory

Sensory Memory is the shortest-term element of memory, an ability to retain impressions of sensory information after the original stimuli have ended, serving as a buffer for stimuli received through the senses.