Which of the Following Is True of the Federal Reserve

question 39

Multiple Choice

Which of the following is true of the Federal Reserve System?

• A)It is one central bank located in Washington,DC.
• B)It was created just before World War II.
• C)All Federal Reserve banks are required to become state banks also.
• D)With the formation of the Fed,the power to issue bank notes was taken away from national banks and turned over to the state banks.
• E)It was notably unsuccessful in averting the Great Depression.

---

Definitions:

Extensor Carpi Radialis

A muscle of the forearm that extends and abducts the wrist.

Biceps Brachii

A large muscle in the upper arm responsible for forearm rotation and flexion of the elbow.

Flexor of Forelimb

Muscles responsible for bending joints and allowing the forelimb to flex.

Pectoralis Group

A collection of muscles in the chest that include the pectoralis major and pectoralis minor, critical for the movement of the shoulder and arm.