To make sure that no one group could dominate the direction of monetary policy, the 1913 Federal Reserve Act diffused power in all of the following ways except
A) geographically.
B) between the public and private sectors.
C) internationally.
D) within the government.

Question

Quizplus · Accepted Answer

The 1913 Federal Reserve Act diffused power geographically, between the public and private sectors, and within the government by creating a decentralized system with 12 regional banks and a Federal Reserve Board composed of government officials and private sector representatives. However, it did not diffuse power internationally as the Federal Reserve was designed to be the primary central bank for the United States, and its focus was on domestic monetary policy.

To Make Sure That No One Group Could Dominate the Direction