When the Federal Reserve System Was First Established, Its Founders

question 183

Multiple Choice

When the Federal Reserve System was first established, its founders intended the Fed to

• A)assist the Treasury in collecting taxes.
• B)be primarily responsible for government regulations.
• C)pursue an active monetary policy to stabilize the economy.
• D)provide protection against financial panics by acting as the lender of last resort.

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Definitions:

Social Construction

The theory that much of the social world is created through collective human agreement and is culturally and historically specific rather than inherent.

Colonialism

Refers to the practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically.

Biological Category

Classifications within biology that organize the vast diversity of life based on shared traits, genetic similarities, and evolutionary history, such as species, genus, and family.

Inductively

Pertaining to a method of reasoning that moves from specific observations to broader generalizations and theories.