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Congress set up the Federal Reserve System

Everything you may need is already attached. Please don’t get off topic and use the resources given only. No outside resources please.1.) Why did Congress decide to set up the Federal Reserve System in 1913? Do you think that the Federal Reserve is needed today?2.) What are the three functions of money? Can something be considered money if it does not fulfill all four functions? Please give an example. // Would you consider Bitcoin money?3.) Please do a Google search and see what differences you can find between President Trump and President Obama (in terms of fiscal policy). Please share what differences you have found. What are the short and long-term implications their policies? 4.) Two U.S. senators made the following argument against allowing free trade: “Fewer and fewer Americans support our government’s trade policy. They see a shrinking middle class, lost jobs and exploding trade deficits. Yet supporters of free trade continue to push for more of the same – more job-killing trade agreements.” Do you agree with these senators that reducing barriers to trade reduces the number of jobs available to workers in the United States?

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