At Its Inception,the Federal Reserve Was Intended to Be

question 71

Multiple Choice

At its inception,the Federal Reserve was intended to be

• A)the Treasury's banker.
• B)the issuer of government debt.
• C)a lender-of-last-resort.
• D)a regulator of bank holding companies.

---

Definitions:

Economic Events

Transactions and occurrences that affect the financial position and performance of a business.

Accounting Numbers

Figures that represent the financial performance and position of a company, including income, expenses, assets, and liabilities.

IFRS

Stands for International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that guide companies in preparing financial statements on a global basis.

U.S.GAAP

United States Generally Accepted Accounting Principles, which are accounting standards used in the U.S. to prepare, present, and report financial statements.