Which of the following statements about the federal reserve system ( the fed ) is most true?
a. one of the major parts of the fed is the board of regents.
b. the fed sets fiscal policy.
c. the fed supervises banks to ensure they are in compliance with reserve requirements.
d. the fed is not allowed to lend money to any bank.

the old way of life was represented by superstition, an angry god, and absolute submission to authority. the thinkers of the age of reason ushered in a new way of thinking. this new way championed the accomplishments of humankind. individuals did not have to accept despair. science and reason could bring happiness and progress. kings did not rule by divine right. they had an obligation to their subjects. europeans pondered the implications for nearly a century. americans put them into practice first.