Which of the Following Statements About the Federal Reserve System

question 42

Multiple Choice

Which of the following statements about the Federal Reserve System (the Fed) is correct?

• A) The Fed was established by George Washington and Alexander Hamilton in 1793.
• B) Congress created the Fed in 1913.
• C) The Fed was established in 1933, during the famous "Hundred Days" of the New Deal.
• D) Richard Nixon established the Fed in 1969 as an attempt to gain more White House control over monetary policy.

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Definitions:

Coach

A person who supports, guides, and motivates individuals or teams to achieve their goals and improve their performance, often in sports, business, or personal development contexts.

Sponsor

An individual or organization that supports an event, activity, person, or project financially or through the provision of products or services.

Strategic Management

The process of setting goals, conducting analyses, and making decisions that guide an organization in maintaining competitiveness and achieving long-term success.

Top Management

The highest level of executives and decision-makers in an organization, responsible for strategic planning, policy-making, and overseeing organizational operations.