The Federal Reserve was created in 1933 as a result of the Great Depression.
Correct Answer:
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Q28: Open Market Operations are the primary tool
Q29: A major asset of the Federal Reserve
Q30: The seven members of the Board of
Q31: The "monetary base" comprises the Fed's most
Q32: All national banks must join the Federal
Q34: The monetary base comprises currency in circulation
Q35: Congress has no oversight of the Fed.
Q36: The most important new power granted to
Q37: Quantitative easing consists of the Fed buying
Q38: Excess reserves cost a depository institution nothing
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