the main purpose of the federal reserve act of 1913 was to\no establish an alternative to commercial…
the main purpose of the federal reserve act of 1913 was to\no establish an alternative to commercial banks.\no regulate banks mortgage - lending policies.\no establish a distribution system for currency.\no oversee and regulate commercial banks.
Answer
Brief Explanations:
The Federal Reserve Act of 1913 aimed to create a more stable financial system. One of its key goals was to establish a distribution system for currency to ensure an adequate and stable money - supply. It was not mainly about creating an alternative to commercial banks, regulating mortgage - lending policies (that's more of a later focus in some cases), or just overseeing commercial banks.
Answer:
establish a distribution system for currency.