The law that established the Federal Reserve System is the _____.
A)Federal Reserve Act of 1913
B)National Banking Act of 1863
C)Banking Act of 1933
D)National Banking Act of 1813
E)Federal Reserve Act of 1963

Question

Quizplus · Accepted Answer

The Federal Reserve System was established through the Federal Reserve Act of 1913, which created a central banking system for the United States. The other options listed either predate the establishment of the Federal Reserve or were enacted after it was already in place.

The Law That Established the Federal Reserve System Is the _____