The Fed Was Founded in 1913 to Serve as Lender

question 28

True/False

The Fed was founded in 1913 to serve as lender of last resort to bankers during bank runs and panics.

---

Definitions:

DeviceNet Network

A digital, multi-drop network that connects and serves as communication between industrial devices like sensors and actuators and higher-level devices such as PLCs.

Intelligence

The ability to acquire and apply knowledge and skills.

Microprocessor

A central processing unit manufactured on a single integrated-circuit chip (or several chips) by utilizing large-scale integration technology.

Network Switch

A networking device that connects devices together on a computer network, using packet switching to receive, process, and forward data to the destination device.