The Federal Reserve Has the Power to Create Money

question 193

True/False

The Federal Reserve has the power to create money.

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Definitions:

Union League

An organization established during the American Civil War to support the Union's policies and to promote loyalty among its members.

Fifteenth Amendment

An amendment to the U.S. Constitution ratified in 1870, prohibiting the federal and state governments from denying citizens the right to vote based on "race, color, or previous condition of servitude."

Voting Based on Sex

The practice of allowing individuals to vote or not based on their gender, historically favoring men over women until suffrage movements achieved gender equality in voting.