The Federal Reserve System was established by Congress in 1914
A. as a result of a breakthrough in economic theory.
B. against significant opposition from the banking sector.
C. because of the need for a central bank.
D. as the world’s first central bank.
Answer: C
Economics
You might also like to view...
State at least one economic benefit to increased international trade.
What will be an ideal response?
Economics
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point D to Point B, the opportunity cost of hybrid cars, measured in terms of motorcycles,
A. initially increases, then decreases. B. increases. C. remains constant. D. decreases.
Economics