Read the following statements and determine if they are true or false.
I. The Federal Reserveʹs monetary policy must be approved by the President of the United States
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II. The Federal Reserve Board of Governors meets approximately every six months to review the state of the economy and determine monetary policy.
A) I and II are both false.
B) I and II are both true.
C) I is true and II is false.
D) I is false and II is true.

Question

Quizplus · Accepted Answer

The Federal Reserve operates independently of the President and does not require presidential approval for its monetary policy decisions. The Board of Governors meets more frequently than every six months, typically every six weeks, to review the economy and set monetary policy.

Read the Following Statements and Determine If They Are True