Multiple Choice
The central banking system established by the Federal Reserve Act of 1913 ___________________.
A) made direct loans to businesspersons for plant expansions and investment spending
B) insured private bank accounts against loss
C) could control the amount of money in circulation by adjusting the discount rate
D) tied the money supply to the supply of gold in the United States Treasury
Correct Answer:
Verified
Correct Answer:
Verified
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