Who set up a system to regulate banks?
A. The Federal Reserve
B. Congress
C. Customers of banks
D. The President of the U.S.
Answer (1)
The system to regulate banks in the U.S. was established by the Federal Reserve, founded in 1913. It plays a key role in monetary policy, bank supervision, and acting as a lender of last resort. Thus, the answer is A: The Federal Reserve. ;
