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? to strengthen the nations military forces to build banks in every state to oversee and regulate commercial banks to do away with trusts
Answer
Brief Explanations:
The Federal Reserve System was created to oversee and regulate commercial banks, providing stability to the financial system. It was not related to military - strengthening, state - bank building, or trust - elimination.
Answer:
to oversee and regulate commercial banks