Law > QUESTIONS & ANSWERS > The Federal Reserve System Test Questions & Answers | Questions with 100% Correct Answers | Updated (All)
The Federal Reserve System Test Questions & Answers | Questions with 100% Correct Answers | Updated & Verified
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List Three parts of the Federal Reserve System - ✔✔ A. The Board of Governors B. The Reserve Banks C. The Federal Open Market Committee Why was the Federal Reserve system created? - ✔✔To c... reate stability in the economy and to improve to the efficiency of the national payments system. When was the Federal Reserve system created? - ✔✔Congress wrote the act in 1913. How many people are on the Board of Governors? - ✔✔Seven members. How do they Board of Governors get their jobs? - ✔✔They are appointed by the president and confirmed by the U.S. Senate [Show More]
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