Question

1. In 1935, what changes were made to the Federal Reserve System?

The Federal Reserve System was given more centralized power.
A central group of banks were authorized to lend to each other in times of need.
The problems of regional banks were no longer the concern of Federal District Banks.
There was an increase of Federal District Banks from 10 to 12 banks.

Answer 1

A) The Federal Reserve System was given more centralized power.

Answer 2

- -Answer:

In 1935, what changes were made to the Federal Reserve System?

A) The Federal Reserve System was given more centralized power.

B) A central group of banks were authorized to lend to each other in times of need.

C) The problems of regional banks were no longer the concern of Federal District Banks.

D) There was an increase of Federal District Banks from 10 to 12 banks.

Final answer: A