Which of the Following Statements About the Federal Reserve Board

question 32

Multiple Choice

Which of the following statements about the Federal Reserve Board (FRB) is false?

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

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Definitions:

Premises

Statements or assumptions that serve as the starting points for a logical argument, leading to a conclusion based on deductive reasoning.

Blind Taste Test

An evaluation method where the participants sample food or drink without knowing the brand or identity to prevent bias in their feedback.

Judged

Considered or deemed to be in a certain way, often after careful assessment.

Soundness

The attribute of an argument when it is both logically valid and its premises are true.