The Federal Reserve System Was Established by Congress in 1914

question 52

Multiple Choice

The Federal Reserve System was established by Congress in 1914

• A)as a result of a breakthrough in economic theory.
• B)against significant opposition from the banking sector.
• C)because of the need for a central bank.
• D)as the world's first central bank.

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Definitions:

Population Growth

The increase in the number of individuals in a population, often examined in the context of human societies.

Urban Area

A geographical area characterized by higher population density and vast human structures in comparison to areas surrounding it.

Suburbs

Residential areas on the outskirts of a city or large town.

Napa Valley

is a renowned region in the state of California, famous for its wine production due to its favorable climate and geography.