The Federal Reserve System Was Established

question 56

Multiple Choice

The Federal Reserve System was established

• A)at the request of farmers to keep down interest rates.
• B)because Americans believe in centralization of authority.
• C)after four severe bank panics between 1873 and 1907.
• D)as part of the Treasury Department.

---

Definitions:

Interest Expense

The expense an entity faces over time for borrowing funds.