Question

financial reforms
what was the primary purpose of the federal reserve act?
○ to reduce tariffs
○ to reduce the influence of trusts
○ to reform the banking system
done ✔

Explanation:

The Federal Reserve Act was enacted to create the Federal Reserve System, which is the central banking system of the United States. Its main goal was to reform and stabilize the banking system, providing a more flexible monetary system. Reducing tariffs is related to trade policies, and reducing the influence of trusts was more related to antitrust legislation. So the primary purpose of the Federal Reserve Act was to reform the banking system.

Answer:

to reform the banking system