Statement I: As business and banking activity moved west,the Congress accommodated them by shifting a few Federal Reserve District Banks from the east and Midwest to the western states.
Statement II: A president usually gets to select the entire Federal Reserve Board that serves during his tenure.
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.
Correct Answer:
Verified
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