SIE Knowledge of Capital Markets Question 16: Answer and Explanation
Question: 16
In what year was the central banking system in the U.S. established by Congress?
- A. 1789
- B. 1865
- C. 1913
- D. 1933
Correct Answer: C
Explanation:
C: Choice C is correct. The Federal Reserve System was established in 1913 as the central banking system in the U.S. to promote a stable financial setting across the country. Choices A, B, and D are incorrect.
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