Before the Federal Reserve System Was Created, a Large Part

question 153

Multiple Choice

Before the Federal Reserve System was created, a large part of the reserves of commercial banks was

• A) in the form of state and federal government bonds.
• B) deposited with the United States Treasury.
• C) held as deposits with large city banks.
• D) held as cash in their vaults.

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Definitions:

European Nationalities

The distinct ethnic, cultural, and political identities of the various peoples and nations within Europe.

Irish

Pertaining to Ireland or its people, culture, or nationality, often used to describe individuals of Irish descent.

Germans

Refers to the people hailing from Germany, a country in Central Europe, or to their descendants and cultural contributions worldwide.

Italians

Refers to the people from Italy or of Italian descent. In a historical American context, often relates to immigration waves and the integration of Italian-Americans into U.S. society.