The Federal Reserve System Was Created

Multiple Choice

The Federal Reserve System was created

A) by the National Banking Act of 1863
B) initially as a bank for the banking system
C) with strong central powers and a mandate to control the money supply until it was restructured in the 1930s
D) initially with 12 districts,which were later restructured into the 15-district system we have today
E) with the power to regulate all banks