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
Answer
Brief Explanations:
The Federal Reserve System was created to oversee and regulate commercial banks, providing a stable financial system. It has no direct relation to military - strengthening, building banks in every state, or eliminating trusts.
Answer:
to oversee and regulate commercial banks