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As a "Central Bank," Which of the Following Is True

question 471

Multiple Choice

As a "central bank," which of the following is true regarding the Fed?
I. The Fed is a public authority that regulates the nation's banks.
II. The Fed is not allowed to provide services to commercial banks like Citibank.
III. The Fed is required to provide banking services to private citizens.

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Definitions:

Peaceful Social Action

The act of seeking to bring about social change through nonviolent means, such as protests, boycotts, and civil disobedience.

Social Movement

An organized group action focused on promoting or resisting change in society or an institution.

Resource Mobilization

Refers to the process by which social movements crystallize because of the increasing organizational, material, and other resources of movement members.

Routine Collective Action

Collective actions performed as part of an established habit or practice, typically within societal or organizational norms.

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