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Could you be a Federal Reserve banker? Test your knowledge.

The Fed's headquarters in Washington, D.C., houses its board of governors, but Federal Reserve Banks are located in key cities around the US. (Alex Brandon/AP/File)

The Federal Reserve System, often referred to as the Fed, is the central bank of the United States and, arguably, the most powerful financial institution in the world. It sets key interest rates, supervises and regulates banks, and maintains the stability of the US financial system. Its decisions influence global markets and foreign nations' economic policy. How much do you know about this financial powerhouse? Test your knowledge: 

- Contributor

1. When was the Federal Reserve System established?

There was indeed a panic of 1837, however the Federal Reserve did not come into being until 1913.

There was indeed a panic of 1873, however the Federal Reserve did not come into being until 1913.

The Federal Reserve was established before the panic of 1920.

In 1842 following the panic of 1837

 

In 1879 following the panic of 1873

 

In 1913 following the panic of 1907

 

In 1926 following the panic of 1920

 
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