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Earn +20 ptsQ: What statement about federal reserve not true?
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What statement about the federal reserve system is not true?
It is responsible for FDIC
Which statement about the federal reserve system is true a its chairman is the secretary of the treasury b it is run by a board that is independent of political parties c its le?
it was created by the National Banking Act of 1863
Is it true that the Federal Reserve sets the poverty threshold?
I believe the US Department of Health and Human Services determines this (in the US). The Federal Reserve is a completely different institution.
What was the nations first true a central bank?
The nation's first true central bank was The Federal Reserve.
Is not true of the federal reserve system?
All decisions must be approved by the president.
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