Which of the below statements about the U.S. Federal Reserve is INCORRECT? Please mark the incorrect statement. Group of answer choices The U.S. Federal Reserve, in its current form, was formed in 1913, immediately before World War I. As in all other countries, the United States has one Central Bank which is a branch of the Federal Government. The U.S. Central Bank, called the Federal Reserve, is a government agency funded by taxpayer dollars. To counter the Great Recession of 2008-2009 and to stop the recession from getting worse, the Federal Reserve lowered short-term interest rates to close to zero percent in its attempt to increase the money supply.
This is not a writing assignment, this is a multiple-choice question
Which of the below statements about the U.S. Federal Reserve is INCORRECT? Please mark the incorrect statement.
Group of answer choices
The U.S. Federal Reserve, in its current form, was formed in 1913, immediately before World War I.
As in all other countries, the United States has one Central Bank which is a branch of the Federal Government. The U.S. Central Bank, called the Federal Reserve, is a government agency funded by taxpayer dollars.
To counter the Great Recession of 2008-2009 and to stop the recession from getting worse, the Federal Reserve lowered short-term interest rates to close to zero percent in its attempt to increase the money supply.
The U.S. Federal Reserve controls the money supply and sets the U.S.
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