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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