The Federal Reserve System was created in 1913, through the Federal Reserve Act, by the:

a. U.S. President.
b. Judiciary.
c. Congress.
d. International Monetary Fund.
e. State governments.

c

Economics

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Why are transfer payments not included in GDP?

A) The amount is too low to have any effect. B) Unemployment varies and can't be tracked. C) Money companies receive from the government isn't reported. D) They do not represent payments to those who contributed resources to currently produced goods or services.

Economics

What is the main difference between an instrument rule and a targeting rule? Be sure to define each

What will be an ideal response?

Economics