A Large Step Toward Independence Occurred for the Fed in 1935

question 48

Multiple Choice

A large step toward independence occurred for the Fed in 1935 when the:

• A) Fed went from two to twelve districts.
• B) Secretary of the Treasury and the Comptroller of the Currency were removed from the Board of Governors.
• C) Chairman of the Board of Governors was no longer a cabinet position.
• D) Fed was given the ability to control its own budget.

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