Read the Following Statements and Determine If They Are True

Read the following statements and determine if they are true or false.
I. The Federal Reserve's monetary policy must be approved by the President of the United States.
II. The Federal Reserve Board of Directors meets approximately every six months to review the sta the economy and determine monetary policy.

A) I is true and II is false.
B) I is false and II is true.
C) I and II are both false.
D) I and II are both true.