Which of the following statements is NOT true?
A) The U.S. Constitution does not explicitly give the federal government the authority to establish a central bank.
B) The U.S. Constitution states that Congress has the power "To coin money [and] regulate the value thereof."
C) Congress delegated the power to coin money and regulate its value to the Federal Reserve in the Federal Reserve Act.
D) The federal courts have never upheld the constitutionality of the Federal Reserve Act.
Correct Answer:
Verified
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