The Federal Reserve
A)was created in 1913.
B)is the U.S.'s central bank.
C)has other duties in addition to controlling the money supply.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

All three statements are correct. The Federal Reserve was created in 1913 as the U.S.'s central bank, but it also has other duties such as supervising and regulating banks, conducting monetary policy, and maintaining the stability of the financial system.