ECONOMICS Econ 1010

The Federal Reserve System is: A. a group of twelve commercial banks. B. the central bank of the United States. C. the agency of the U.S. government that insures commercial bank deposits. D. the branch of the U.S. Treasury that keeps the U.S. gold reserves. 2. The central bank of the United States is: A. Bank of America. B. Bank of the United States. C. Bank One. D. the Federal Reserve System. 3. The Federal Reserve System first began operations in: A. 1789. B. 1865. C. 1914. D. 19...