Question

Which of the following contributed to the creation of the Federal Reserve System? I. the bank panic of 1907 II. the Great Depression III. the savings and loan crisis of thethe 1980s

a. I only
b. II only
c. III only
d. I and II only
e. I, II, and III

Answer 1

a. I only

Step-by-step explanation:

The Federal Reserve System or FED is the central bank of the United States that was created on december 23, 1913. Prior to the bank panic in 1907, congress men were motivated for renew demands for banking and to do a currency reform.

The Great Depression that last from 1929 to 1939 and the loan crisis of the 1980´s were events that took place after the FED creation, then they could not contribute to its foundation.