Could you be a Federal Reserve banker? Test your knowledge.
The Federal Reserve System, often referred to as the Fed, is the central bank of the United States and, arguably, the most powerful financial institution in the world. It sets key interest rates, supervises and regulates banks, and maintains the stability of the US financial system. Its decisions influence global markets and foreign nations' economic policy. How much do you know about this financial powerhouse? Test your knowledge:
1. When was the Federal Reserve System established?
In 1842 following the panic of 1837
In 1879 following the panic of 1873
In 1913 following the panic of 1907
In 1926 following the panic of 1920