The Federal Reserve differed from the central banks of the 19th century in that the Federal Reserve(1 point)

Question

Responses

held authority over all banks in the country.
held authority over all banks in the country.

implemented the practice of fractional reserve banking.
implemented the practice of fractional reserve banking.

printed the first national currency.
printed the first national currency.

financed wartime expenditures and debt.

Answer 1

The correct response is: held authority over all banks in the country.

This distinguishes the Federal Reserve from many 19th-century central banks, which often did not have comprehensive regulatory authority over all banks in their respective countries.