Shareholders must either exercise their rights granted via a rights offering or let them expire unused

Two events cannot be both independent and mutually exclusive

Indicate whether the statement is true or false

Which of the following statements is incorrect?

a. The Fed's monetary policy is intended to influence U.S. economic conditions b. The Fed's monetary policy affects the supply of loanable funds, which affects interest rates. c. By influencing interest rates, the Fed is able to influence the amount of money that corporations and households are willing to borrow and spend. d. All of the statements above are true.