g.com/ibiscms/mod/ibis/view.php?id-3721990 11/26/2017 11:55 PM 83.9/100 Print @

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g.com/ibiscms/mod/ibis/view.php?id-3721990 11/26/2017 11:55 PM 83.9/100 Print @ Calculator estion 13 of 22 Sapling Learning Classify each statement about the Federal Reserve System as either "true" or "false" by placing the appropriate label in each bin. The Federal Reserve was established by the U.S. Constitution in the late 1700s. False The national objectives of the Federal Reserve include promoting economic and moderate interest rates full employment, stable prices, True All Federai Reserve actions are subject to veto by the executive branch. False The Federal Reserve determines monetary policy in the United Siates Faise The Federal Reserve was created by the Federal Reserve Act of 1913 holp of you and

Explanation / Answer

The Federal Reserve was established by the U.S. Constitution in the late 1700s.

False. It was established by Congress.

National objectives of the Federal Reserve include promoting economic growth, full employment, stable prices and moderate interest rates.

True.

All Federal Reserve actions are subject to veto by the executive branch.

False.

The daily policy actions of the Federal Reserve are not subject to veto by the executive branch.

The Federal Reserve determines the monetary policy in the U.S.

True.

The Federal Reserve was created by the Federal Reserve Act of 1913.

True.

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