When the Federal Reserve System Was Established

question 41

Multiple Choice

When the Federal Reserve System was established,

• A)all banks were required to become members
• B)only federally chartered banks were allowed to join
• C)only federally chartered banks were required to join
• D)most banks joined even though none were required to join
• E)membership was required for all banks in some states,but not in others

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Definitions:

Belief in a Just World

A psychological tendency to believe that the world is fundamentally fair, leading individuals to rationalize an otherwise inexplicable injustice as deserved by the victim.

Stressful Situations

Circumstances or events that cause a state of strain or tension, often triggering the body’s response to perceived threats or challenges.

Control

In experimental research, the standard to which comparisons are made by maintaining constant factors aside from the variable being tested.

Success

The achievement of set goals or objectives, often recognized by positive outcomes.