The Institution Established by Congress in the Early Twentieth Century

question 55

Multiple Choice

The institution established by Congress in the early twentieth century to implement monetary policy is the:

• A) Third Bank of the United States.
• B) Federal Reserve Bank of the United States.
• C) Federal Deposit Insurance Corporation.
• D) Federal Reserve System.

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Definitions:

Senate

A legislative body in various countries, often part of the bicameral system, responsible for making and passing laws.

Bill

A proposed law presented to a legislative body.

Copyright

A form of intellectual property protection that grants the creator exclusive rights to use, distribute, and reproduce their work for a certain period.

Notwithstanding Clause

A legislative tool allowing certain Canadian laws to operate despite potentially conflicting with certain constitutional rights.