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 77 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
Excellent

Chelseyj.hasty

  • Member
  • Posts: 319
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

McGill University's Gault Nature Reserve on Mont-Saint-Hilaire, Quebec. McGill University's Gault Nature Reserve on Mont-Saint-Hilaire, Quebec.
Federal vs state govenment Federal vs state govenment
Federal vs state law Federal vs state law
In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th
“Mission Accomplished” proclaimed the banner on the USS Abraham Lincoln, where on May 1, 2003, Presi “Mission Accomplished” proclaimed the banner on the USS Abraham Lincoln, where on May 1, 2003, Presi
British Output and Productivity Growth, 1760–1913 British Output and Productivity Growth, 1760–1913
Video: Oogenesis Animation

For a complete list of videos, visit our video library