Federal reserve Ch 2

To issue a common currency

To regulate depository institutions

To act as a lender of last resort

Thomas Jefferson

George Washington

Andrew Jackson

He thought it would favor speculators

He wanted to protect farmers

All of the above

Franklin D. Roosevelt

Theodore Roosevelt

William Howard Taft

To separate commercial and investment banks

To oversee monetary policy

All of the above

To oversee open market operations

To regulate financial institutions

All of the above

To achieve low inflation

To maximize employment

To stabilize the economy

Financial crises and panics

The need for better banking regulation

The desire to stabilize the economy