the federal reserve act of 1913 established the federal reserve system. what was the purpose of setting up…

the federal reserve act of 1913 established the federal reserve system. what was the purpose of setting up the federal reserve system?\n○ to strengthen the nations military forces\n○ to build banks in every state\n○ to oversee and regulate commercial banks\n○ to do away with trusts

the federal reserve act of 1913 established the federal reserve system. what was the purpose of setting up the federal reserve system?\n○ to strengthen the nations military forces\n○ to build banks in every state\n○ to oversee and regulate commercial banks\n○ to do away with trusts

Answer

Brief Explanations:

The Federal Reserve System was created to oversee and regulate commercial banks, providing stability to the banking system and the economy. It has no direct relation to strengthening military forces, building banks in every state, or doing away with trusts.

Answer:

to oversee and regulate commercial banks