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Business, 09.07.2021 22:40 svarner2001

Which type of banking system did the Federal Reserve Act of 1913 establish? A. A system composed of twelve privately owned regional banks that were regulated by the Federal Reserve Board
B. A system composed of twelve small privately owned banks that were not subject to federal oversight
C. A system consisting of multiple state-owned banks that were subject to oversight by the State Reserve Board
D. A system consisting of a large national bank publicly run by the federal government

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