Congress Created the Federal Reserve System

question 10

Multiple Choice

Congress created the Federal Reserve System

• A)to serve as a lender of last resort.
• B)to process the receipt of taxes received by the Internal Revenue Service.
• C)to regulate the value of the U.S. dollar against foreign currencies.
• D)to provide a source of mortgage loans to the residential housing market.

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Definitions:

Mass Market

The large segment of the consumer population to which products and services are marketed with a wide appeal and broad accessibility.

Coke

A trademarked name for a popular carbonated soft drink produced by The Coca-Cola Company, known globally.

Pepsi

A global beverage and food company known primarily for its flagship product, a carbonated soft drink called Pepsi.

Infrastructure

The basic physical and organizational structures and facilities needed for the operation of a society or enterprise, such as roads, buildings, and power supplies.