When was the Federal Reserve Act signed into law?

When was the Federal Reserve Act signed into law?

• A. December 23, 1913
• B. July 4, 1776
• C. October 14, 1987
• D. January 1, 1900

Answer: (A)

This question asks for the exact date when the Federal Reserve Act was signed into law, marking the creation of the U.S. central banking system. The act was signed into law by President Woodrow Wilson on December 23, 1913, establishing the Federal Reserve System to provide a more stable and flexible monetary and financial framework for the country. The other dates refer to events unrelated to the Federal Reserve—1776 is the year of independence, 1987 is the year of a major market turmoil, and 1900 is simply a year before the 20th century. So the date that matters is December 23, 1913.

This question asks for the exact date when the Federal Reserve Act was signed into law, marking the creation of the U.S. central banking system. The act was signed into law by President Woodrow Wilson on December 23, 1913, establishing the Federal Reserve System to provide a more stable and flexible monetary and financial framework for the country. The other dates refer to events unrelated to the Federal Reserve—1776 is the year of independence, 1987 is the year of a major market turmoil, and 1900 is simply a year before the 20th century. So the date that matters is December 23, 1913.