This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The Federal Reserve Act of 1913: a. was declared unconstitutional by the Supreme Court. b. ... (Read 38 times)

corkyiscool3328

  • Hero Member
  • *****
  • Posts: 539
on: Sep 11, 2019

Question 1

Which of the following is NOT true about the Federal Reserve System?
 
  a. It was established as a bankers' bank.
  b. The chair of the Federal Reserve was to be chosen in national elections every six years.
  c. Participating banks named two thirds of its board of directors.
  d. All national banks were required to belong to the system.

Question 2

The Federal Reserve Act of 1913:
 
  a. was declared unconstitutional by the Supreme Court.
  b. allows bankers to control the nation's money supply.
  c. turned the national banking system into a socialist enterprise.
  d. provided some regulation for the nation's banking system.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

angrybirds13579

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Sep 11, 2019

Answer 1

B

Answer 2

D


corkyiscool3328

  • Member
  • Posts: 539
Reply 2 on: Sep 11, 2019
Great answer, keep it coming :)

billybob123

  • Member
  • Posts: 336
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

When the United States gets stuck over a controversial issue—usually something a divided Congress ca When the United States gets stuck over a controversial issue—usually something a divided Congress ca
Annual Federal Deficit (or Surplus), 1992–2016 Annual Federal Deficit (or Surplus), 1992–2016
Unemployment and Federal Action, 1929–1941 Unemployment and Federal Action, 1929–1941
“Ich bin ein Berliner” (I am a Berliner), Kennedy declared from a balcony in West Berlin in June ... “Ich bin ein Berliner” (I am a Berliner), Kennedy declared from a balcony in West Berlin in June ...
British Output and Productivity Growth, 1760–1913 British Output and Productivity Growth, 1760–1913
Debussy plays Debussy Clair de Lune (1913) Debussy plays Debussy Clair de Lune (1913)
Video: Calvin Cycle Explained!

For a complete list of videos, visit our video library