The Banking Acts of 1933 and 1935

question 19

Multiple Choice

The Banking Acts of 1933 and 1935

• A)established the Federal Reserve System.
• B)increased central control of the Federal Reserve System.
• C)eliminated the authority of the Board of Governors to set reserve requirements.
• D)made the Secretary of the Treasury a member of the Board of Governors.

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Definitions:

AutoNumber

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Sequential

Pertaining to or forming a sequence, where items follow one another in a logical order or fixed series.

ValueIncrement

A process or method by which a numerical value is increased by a specified amount.

Incremental

Pertaining to a process or increase characterized by gradual, stepwise changes or additions.