SIE Knowledge of Capital Markets Question 16: Answer and Explanation

Question: 16

In what year was the central banking system in the U.S. established by Congress?

• A. 1789
• B. 1865
• C. 1913
• D. 1933

Correct Answer: C

Explanation:

C: Choice C is correct. The Federal Reserve System was established in 1913 as the central banking system in the U.S. to promote a stable financial setting across the country. Choices A, B, and D are incorrect.