The designers of the federal reserve act of 1913

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34) The designers of the Federal Reserve Act of 1913 intended the Fed to have one primary monetary tool: A) open market operations. B) discounting. C) setting reserve requirements. D) setting margin requirements. Answer: B 77 35) The designers of the Federal Reserve Act meant to create a central bank characterized by its 36) Which of the following are true statements? 37) Which of the following are true statements? 38) The power within the Federal Reserve was effectively transferred to the Board of Governors by A) the banking legislation of the Great Depression. B) Supreme Court decisions in the 1950s. C) the Depository Institutions Deregulation and Monetary Control Act of 1980. D) the Accord of 1951. Answer: A 39) Factors that provide the Federal Reserve with a high degree of independence include 78
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40) Federal Reserve independence is thought to
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