When the Federal Reserve System Was Being Created,some People Thought

question 144

True/False

When the Federal Reserve system was being created,some people thought that there should be as few district banks as possible to enhance efficiency and for ease of operation.

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Definitions:

Trade Surplus

A situation where a country exports more goods and services than it imports.

Exports

Goods or services produced in one country and sold to buyers in another, contributing to a country's gross domestic product.

Imports

Items or services acquired from overseas to be sold within a country.

Balanced Trade

A situation in which the value of a country's exports equals the value of its imports over a certain period.