2 years ago

Classify each statement about the Federal Reserve System as either true or false.

Business

1 answer:

IceJOKER [234]2 years ago

8 0

Answer:

1. The Federal Reserve was established by the U.S. Constitution in the late 1700s

Classification: False

2. The national objectives of the Federal Reserve include promoting economic growth, full employment, stable prices, and moderate interest rates.

Classification: True

3. All Federal Reserve actions are subject to veto by the executive branch.

Classification: False

4. The Federal Reserve determines monetary policy in the United States.

Classification: True

5. The Federal Reserve was created by the Federal Reserve Act of 1913.

Classification: True

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