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When It Was Passed in 1913, the Federal Reserve Act

Question 63

Multiple Choice

When it was passed in 1913, the Federal Reserve Act


A) gave the country a central banking system for the first time since Andrew Jackson.
B) decentralized and democratized the federal banking system.
C) removed America from the gold standard for the first time.
D) immediately weakened the power of the great New York banks.

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