The Federal Reserve System was created by an act of Congress in 1933 in an effort to end a wave of bank failures brought on the Great Depression
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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When is it more expensive for a country to go to war – during a recession or during an economic boom? Explain
What will be an ideal response?
Economics
The sum of the marginal propensity to consume (MPC) and the marginal propensity to save (MPS) always equals:
a. 1. b. 0. c. the interest rate. d. the marginal propensity to invest (MPI).
Economics