Which of these is related to the Federal Reserve System? I. Sherman Antitrust Act of 1890
II. Federal Reserve Act of 1913
III. Employment Act of 1946
IV. Civil Rights Act of 1964
V. International Banking Act of 1978
VI. Full Employment and Balanced Growth Act of 1978
A) I, II, III, and IV only
B) II, III, V, and VI only
C) I, II, IV, and VI only
D) III, IV, V, and VI only

Question

Quizplus · Accepted Answer

The Federal Reserve Act of 1913 created the Federal Reserve System, so option II is directly related. Options III and VI, the Employment Act of 1946 and the Full Employment and Balanced Growth Act of 1978, respectively, relate to macroeconomic policies overseen by the Federal Reserve. The International Banking Act of 1978 (option V) regulates certain aspects of international banking that may affect the operations of the Federal Reserve. The Sherman Antitrust Act of 1890 (option I) and the Civil Rights Act of 1964 (option IV) do not specifically relate to the Federal Reserve System.

Which of These Is Related to the Federal Reserve System