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The Federal Reserve Act of 1913 Guaranteed Public Control of the American

Question 13

Multiple Choice

The Federal Reserve Act of 1913 guaranteed public control of the American banking system through


A) control of the currency by the secretary of the treasury.
B) federal regulation of all banks with more than $10 million in deposits.
C) Congress's ability to impeach the Federal Reserve chairman elected by member banks.
D) regional banks whose directors had to be approved by the Senate.
E) a Federal Reserve Board appointed by the president.

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