Which of the Following Statements About the Federal Reserve Is

question 126

Multiple Choice

Which of the following statements about the Federal Reserve is FALSE?

• A) It was created in 1913.
• B) It consists of 12 Federal Reserve Banks.
• C) It was created to regulate the U.S. money supply.
• D) Its chair is chosen by a committee comprised of representatives from the 12 Reserve Banks.
• E) It has several mechanisms for managing interest rates and the money supply.

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Definitions:

Bacterial Infections

Diseases caused by bacteria that can lead to a range of symptoms, from mild to life-threatening, affecting various parts of the body.

Viral Infections

Diseases caused by viruses, small infectious agents that replicate inside the living cells of organisms, leading to various health problems.

Psychophysiological

Pertains to the relationship between psychological processes and physiological responses, often explored through the study of how the mind affects the body's functions.

High Blood Pressure

A condition in which the force of the blood against the artery walls is too high, often leading to health problems.