The Federal Reserve System Was NOT

question 287

Multiple Choice

The Federal Reserve System was NOT

• A)established with the 1913 passage of the Federal Reserve Act.
• B)the first attempt to have a United States central bank.
• C)intended to act as a "lender of last resort."
• D)designed to lend money to inherently sound banks so that they can survive financial panics.

---

Definitions:

Borderline Personality Disorder

A mental health disorder characterized by unstable moods, behavior, and relationships, often resulting in significant emotional distress.

Bipolar Disorder

A mental health condition characterized by extreme mood swings that include emotional highs (mania or hypomania) and lows (depression).

Posttraumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.

Structured Interviews

A quantitative research method where the interviewer asks a set of predetermined questions with fixed response options.