Asked by
Adaney Martinez
on Nov 11, 2024Verified
Which of the following statements is true?
A) The Federal Reserve System was established by the U.S.Constitution.
B) The Federal Reserve System was established immediately after the Civil War.
C) The Federal Reserve System was established in 1913.
D) The Federal Reserve System was established during the Great Depression.
E) The Federal Reserve System was established immediately following World War II.
Federal Reserve System
The central banking system of the United States, responsible for setting monetary policy and regulating banks.
Established
Refers to an entity or concept that has been in existence for a significant period and is widely recognized or accepted.
1913
The year marked by significant historical events, such as the establishment of the Federal Reserve System in the United States.
- Understand the historical circumstances and motives for creating the Federal Reserve System.
Verified Answer
RK
Learning Objectives
- Understand the historical circumstances and motives for creating the Federal Reserve System.