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SIE Knowledge of Capital Markets Practice Question 16

Question: 16

In what year was the central banking system in the U.S. established by Congress?

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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