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22 Federalism: How should power be structurally divided?
WebThe System derives its authority and public purpose from the Federal Reserve Act passed by Congress in 1913. As an independent institution, the Federal Reserve System has the authority to act on its own without prior approval from Congress or the president. [13] WebExclusive federal powers Concurrent powers Exclusive state powers; Coining money: Taxation: Conducting elections: Regulating interstate and foreign commerce: … biren realty group
CHAPTER THREE I. The Federal System - University of Tennessee at …
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