ECONOMICS
MONETARY POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Federal Reserve System
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Mr. Pips Tortilla company
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The Atlanta Falcons
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Money
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Detailed explanation-1: -The 1913 Federal Reserve Act is legislation in the United States that created the Federal Reserve System. 1 Congress passed the Federal Reserve Act to establish economic stability in the U.S. by introducing a central bank to oversee monetary policy.
Detailed explanation-2: -The Federal Reserve System is the central bank of the United States. Founded by an act of Congress in 1913, the Federal Reserve’s primary purpose was to enhance the stability of the American banking system.
Detailed explanation-3: -It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law.
Detailed explanation-4: -Congress ultimately passed the 1913 Federal Reserve Act-legislation that created the current Federal Reserve System. 1 Congress developed the Federal Reserve Act to establish economic stability in the United States by introducing a central bank to oversee monetary policy.
Detailed explanation-5: -The framers of the Federal Reserve Act developed a central banking system that would broadly represent the public interest.