The Creation of the Federal Reserve in 1913

question 45

Multiple Choice

The creation of the Federal Reserve in 1913:

• A) provided the opportunity for lender of last resort but not the guarantee that it would be used.
• B) guaranteed the Federal Reserve would always act as lender of last resort.
• C) eliminated bank panics in the U.S.
• D) was in response to the Great Depression in the U.S.

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Definitions:

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A record book used on ships to detail voyages, including locations visited, weather conditions, and daily occurrences.

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Parallel Structure

The repetition of a chosen grammatical form within a sentence to provide clarity and improve writing style.

Sentence Variety

The use of different types and structures of sentences in writing, aimed at enhancing readability and keeping the reader engaged.