Classify each statement about the Federal Reserve System as either true or false. You are currently in a labeling module. Turn off browse mode or quick nav, Tab to items, Space or Enter to pick up, Tab to move, Space or Enter to drop. The Federal Reserve was established by the U. S. Constitution in the late 1700s. The national objectives of the Federal Reserve include promoting economic growth, full employment, stable prices, and moderate interest rates. All Federal Reserve actions are subject to veto by the executive branch. The Federal Reserve determines monetary policy in the United States. The Federal Reserve was created by the Federal Reserve Act of 1913.FalseTrue

1. False

2. True

3. False

4. True

5. True.

Explanation:

1. The Federal Reserve was established by the U.S. Constitution in the late 1700s. - False

The Federal Reserve was established in 1913.

2. The national objectives of the Federal Reserve include promoting economic growth, full employment, stable prices, and moderate interest rates. - True

3. All Federal Reserve actions are subject to veto by the executive branch. - False.

It should be noted that not every Federal Reserve actions are being subjected to veto by the executive branch.

4. The Federal Reserve determines monetary policy in the United States. - True

5. The Federal Reserve was created by the Federal Reserve Act of 1913. - True

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