Question

Place a checkmark next to each argument that supports keeping the Federal Reserve.

1- The Fed favors the interests of the wealthy.
2- The Fed helps prevent bank failures, like those that occurred prior to and during the Great Depression.
3- The Fed helps stabilize the stock markets, particularly during a financial crisis or national emergency.
4- The Fed can offset negative financial impacts from foreign countries.
5- The Fed plays a vital role in maintaining healthy financial and banking systems in the U.S.
6- The Fed is essentially a currency monopoly.

Answer 1

2- The Fed helps prevent bank failures, like those that occurred prior to and during the Great Depression.

3- The Fed helps stabilize the stock markets, particularly during a financial crisis or national emergency.

4- The Fed can offset negative financial impacts from foreign countries.

5- The Fed plays a vital role in maintaining healthy financial and banking systems in the U.S.

Step-by-step explanation:

The Federal Reserve is a group of federal banks that regulate other banks, maintain monetary policy of a nation, provides banking services and also tries to ensure financial stability.

Therefore, the above selections are arguments that supports keeping the Federal Reserve.