The Federal Reserve Act of 1913 guaranteed a substantial measure of public control over the American banking and currency system through the great authority given to
A) the secretary of the treasury.
B) the House and the Senate.
C) banking shareholders.
D) regional Federal Reserve banks.
E) the presidentially appointed Federal Reserve Board.

Question

Quizplus · Accepted Answer

The Federal Reserve Act of 1913 established the Federal Reserve System and gave significant authority to the Federal Reserve Board, which is appointed by the President, ensuring public control over the banking system.

The Federal Reserve Act of 1913 Guaranteed a Substantial Measure