Final answer:
The FAA grants both exemptions and waivers to its regulations based on specific circumstances and requirements.
Step-by-step explanation:
The statement that FAA only grants exemptions to its regulations is False. The Federal Aviation Administration (FAA) grants both exemptions and waivers to its regulations. An exemption provides relief from compliance with certain regulations, while a waiver allows a deviation from a specific regulation under certain conditions. These exemptions and waivers are granted based on specific circumstances and requirements.