Which of the Following Statements About America's Federal Monetary Policy

Which of the following statements about America's federal monetary policy is LEAST accurate?

A) The officials most responsible for determining America's monetary policy are neither elected by the people nor directly accountable to them.
B) Every bank chartered by the federal government or by a state must belong to the Federal Reserve System.
C) Banks that join the Federal Reserve receive access to a number of benefits, including the right to borrow money at attractive rates.
D) The Federal Reserve controls the supply of money in the American economy, increasing it to combat recession, shrinking it in response to inflationary trends.
E) The Federal Reserve System has a complex structure that includes a seven-member Board of Governors and twelve regional banks.