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Question
question 39 points 2
how did the federal reserve act of 1913 address economic challenges in the u.s.?
by establishing a central banking system to stabilize the economy
by decreasing government intervention in the economy
by promoting agricultural reforms
by reducing international trade
The Federal Reserve Act of 1913 created the Federal Reserve System, the central - banking system of the United States, to provide the nation with a safer, more flexible, and more stable monetary and financial system. It aimed to stabilize the economy, not decrease government intervention, promote agricultural reforms, or reduce international trade.
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By establishing a central banking system to stabilize the economy