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.
Correct Answer:
Verified
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