Which of the following statements is FALSE?
A) The Board of Governors of the Federal Reserve System is responsible for key monetary policy decisions.
B) The members of the Board of Governors are appointed by the president of the United States and confirmed by the Senate.
C) The Open Market Committee authorizes the buying and selling of government securities by the Federal Reserve System.
D) The Open Market Committee buys and sells stocks and bonds of private corporations for the Federal Reserve System.
Correct Answer:
Verified
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