Question

question 10
what year was the federal reserve act passed?
a. 1800
b. 1913
c. 1929
d. 2008

question 11
what did the banking acts of 1933 and 1935 do?
a. founded the federal reserve
b. founded the national banking system
c. disbanded the federal reserve
d. shifted the balance of power from the reserve banks to the reserve board

question 12
how many regional federal banks are part of the federal reserve?
a. 10
b. 12
c. 24
d. 50

question 13
which of these is not one of the regions that houses a federal regional bank
a. new york
b. cleveland
c. dallas
d. los angelas

question 14
what is the implicit target rate for inflation within the federal reserve?
a. 1%
b. 2%
c. 3%
d. 6%

Explanation:

Question 10

The Federal Reserve Act was passed in 1913, establishing the Federal Reserve System. Option a (1800) is too early, c (1929) is associated with the Great Depression, and d (2008) is the financial crisis year, not the act's passage.

The Banking Acts of 1933 (Glass - Steagall) and 1935 reorganized the Federal Reserve, shifting power from regional reserve banks to the Federal Reserve Board. Option a is incorrect as the Fed was founded in 1913, b is about earlier national banking acts, and c is wrong as the Fed was not disbanded.

The Federal Reserve System has 12 regional Federal Reserve Banks, each serving a specific region of the US. Options a (10), c (24), and d (50) do not match the correct number.

Answer:

b. 1913

Question 11