Question

question 4 of 10
what did the federal reserve act, signed by president woodrow wilson in 1913, establish?

a. treasury bonds

b. the federal reserve

c. credit unions

d. the federal deposit insurance corporation (fdic)

Explanation:

The Federal Reserve Act of 1913, signed by President Woodrow Wilson, established the Federal Reserve System (the Fed), which is the central banking system of the United States. Treasury bonds are debt securities issued by the U.S. Treasury, credit unions are financial cooperatives established under different laws, and the FDIC was created by the Glass - Steagall Act (1933), not the Federal Reserve Act.

Answer:

B. The Federal Reserve