Identify the Correct Statement About the Fed

question 40

Multiple Choice

Identify the correct statement about the Fed.

• A)When the Federal Reserve System was established,all banks were required to become members.
• B)When the Federal Reserve System was established,only federally chartered banks were allowed to join.
• C)When the Federal Reserve System was established,only federally chartered banks were required to join.
• D)When the Federal Reserve System was established,most banks joined even though none were required to join.
• E)When the Federal Reserve System was established,membership was required for all banks in some states,but not in others.

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Definitions:

Exhaustion

A state of extreme physical or mental fatigue, often resulting from stress, overwork, illness, or lack of sleep.

Fight-or-Flight Response

An instinctual survival mechanism that prepares the body to either confront or flee from immediate threats, activating the sympathetic nervous system.

Autonomic Nervous System

The part of the nervous system that controls involuntary bodily functions, such as heart rate, digestion, and respiration.

Acute Stress

A short-term form of stress resulting from specific events or situations that can be either positive or negative.