Question: T/F 21. Quantitative easing was mainly an attempt to lower interest rates. 22. Federal Reserve governors are nominated by the President. 23. The Federal Reserve

T/F 21. Quantitative easing was mainly an attempt to lower interest rates.

22. Federal Reserve governors are nominated by the President.

23. The Federal Reserve cannot intervene in the actions of nonbank firms.

24. The Fed is directly under the control of Congress.

25. The Fed is funded by Congress.

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