Read the Following Statements and Determine If They Are True

Multiple Choice

Read the following statements and determine if they are true or false.
I. The Federal Reserve's monetary policy must be approved by the President of the United States.
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 true.
B) I and II are both false.
C) I is true and II is false.
D) I is false and II is true.