Statement I: the Interest Rate Charged by the Fed on Loans

Statement I: The interest rate charged by the Fed on loans to depositary institutions is called the short-term rate.
Statement II: Changes in the reserve requirements are the most frequently used forms of monetary policy available to the Fed.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.