Definition
The Federal Reserve Act established the Federal Reserve System.
Why It Matters
It created the central banking structure of the United States.
Example
The law passed in 1913 creating the Fed.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
The Federal Reserve Act established the Federal Reserve System.
It created the central banking structure of the United States.
The law passed in 1913 creating the Fed.