The Federal Reserve, Which Was Established in 1907 Was to Be

question 108

True/False

The Federal Reserve, which was established in 1907 was to be a "lender of last resort," loans money to small businesses that are unable to obtain loans through private banks.

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Definitions:

Table Salt

Common salt used in cooking and food preservation, chemically known as sodium chloride (NaCl).

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance that is the main constituent of Earth's streams, lakes, and oceans.

Polarity

The property of having distinct and opposite charges or directions.

Molecule

The smallest particle of a chemical substance that retains its chemical properties, consisting of one or more atoms bonded together.