Which of the following is not true with respect to the Federal Reserve Act of 1913?
A) It established reserve requirements for member commercial banks.
B) It specified fourteen districts across the United States as well as a city in each district where a Federal Reserve district bank was to be established.
C) Each district focused on its particular district, without much concern for other districts.
D) All of the above are true.
Correct Answer:
Verified
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