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Classify each statement about the Federal Reserve System as either true or false.
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The Federal Reserve was established by the U.S. Constitution in the late 1700s.
The national objectives of the Federal Reserve include promoting economic growth, full employment, stable prices, and moderate interest rates.
All Federal Reserve actions are subject to veto by the executive branch.
The Federal Reserve determines monetary policy in the United States.
The Federal Reserve was created by the Federal Reserve Act of 1913.
Answer Bank
False
True

Respuesta :

Answer:

False

true

false

true

true

Explanation:

The Federal Reserve is the central bank of the United States. It was created in  December 23, 1913 by the Federal Reserve Act. It three main objectives as established by the US congress are :  promoting economic growth, full employment, stable prices. the last two objectives are referred to as the dual mandate of the Federal reserve

The dual mandate of the Federal Reserve was birthed as a result of the stagflation of the 1970s. Stagflation is a period of high unemployment and high inflation levels

The dual mandate are: high employment, stable prices and moderate long-term interest rates.

The Federal Open Market Committee (FOMC) which is a committee of the Federal Reserve determines monetary policy.

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