Which of the following statements about the Federal Reserve Board (FRB) is FALSE?
A) The FRB is part of the Department of the Treasury.
B) The FRB is the main organization for setting monetary policy.
C) The members of the FRB are selected by the president and confirmed by the Senate.
D) The president cannot remove at will the members of the FRB.
E) The FRB sets the federal funds rate.
Correct Answer:
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