The Original Intent of the Federal Reserve Act of 1913

question 85

Multiple Choice

The original intent of the Federal Reserve Act of 1913 was to provide the Fed with what role?

• A) regulator of the banking system
• B) lender of last resort
• C) manage the exchange rate
• D) maintain a balanced budget

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Definitions:

Jewish Refugees

Individuals of Jewish descent who have been displaced from their countries of origin due to persecution, war, or violence, particularly noted during and after World War II.

Canadian Government

The federal administrative framework of Canada, characterized by a parliamentary system where the prime minister is the head of government.

Indigenous Peoples

Ethnic groups who are the original inhabitants of a given region, having distinct cultural traditions and historical ties to the land before colonization or formation of modern states.

Marxist

Pertaining to the theories and principles of Karl Marx, emphasizing the role of class struggle in societal change and advocating for a society where the means of production are communally owned.