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The Fed Was Founded in 1913 to Serve as Lender

question 28

True/False

The Fed was founded in 1913 to serve as lender of last resort to bankers during bank runs and panics.


Definitions:

Moisture

The presence of a liquid, especially water, often in trace amounts.

Antibacterial Effect

The result achieved by agents that inhibit bacterial growth or kill bacteria.

Acid PH

A measure indicating a solution is acidic, typically having a pH value below 7, which denotes a higher concentration of hydrogen ions.

Ear Irrigation

A procedure for removing earwax or foreign materials from the ear canal using a stream of liquid.

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