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)law that also established the FDIC
E)law that also established the Comptroller of the Currency

Question

Quizplus · Accepted Answer

The Federal Reserve System was established by the Federal Reserve Act of 1913, which created a central banking system for the United States. The National Banking Act of 1863 and the Banking Act of 1933 did not establish the Federal Reserve System, although they did have significant impacts on banking regulation and the role of the government in the banking system. The FDIC and Comptroller of the Currency were also established by separate laws.

The Law That Established the Federal Reserve System Is the