Multiple Choice
The Federal Reserve System was established by Congress in 1914
A) as a result of a breakthrough in economic theory.
B) against significant opposition from the banking sector.
C) because of the need for a central bank.
D) as the world's first central bank.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q45: If the Fed buys a T-bill from
Q47: Income is to money as<br>A)short story is
Q48: Suppose that the Fed purchases a $1,000
Q49: The Fed does not have perfect control
Q50: An open-market sale of Treasury bills by
Q51: In making policies about the nation's money
Q53: Although a corporation that is owned by
Q54: What will happen to the demand for
Q56: The Federal Reserve System was established<br>A)at the
Q57: When bond prices fall, interest rates rise.