Which of the Following Is Not True

Multiple Choice

Which of the following is not true?

A) The Federal Reserve is a quasi-independent government agency that serves as our nation's central bank.
B) The Fed's influence begins with the depository institutions and their role in the money supply process and then spreads to other intermediaries and financial markets in general.
C) The Fed implements fiscal policy which is all the attempts by the Fed to affect the level of economic activity.
D) The Fed affects the total volume of funds available for lending in the economy.