The United States created its system of central banking
A) earlier than such banks were established in other industrial nations.
B) later than such banks were established in other industrial nations.
C) to facilitate branch banking.
D) to facilitate international exchange operations.

Question

Quizplus · Accepted Answer

The United States created its system of central banking later than such banks were established in other industrial nations. The Federal Reserve System, the central banking system of the United States, was established in 1913. Many other industrial nations, such as Britain and France, had already established their central banking systems in the 19th century.

The United States Created Its System of Central Banking