Multiple Choice
Which of the following statements about the Federal Reserve System (the Fed) is correct?
A) The Fed was established by George Washington and Alexander Hamilton in 1793.
B) Congress created the Fed in 1913.
C) The Fed was established in 1933, during the famous "Hundred Days" of the New Deal.
D) Richard Nixon established the Fed in 1969 as an attempt to gain more White House control over monetary policy.
Correct Answer:
Verified
Correct Answer:
Verified
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