why did the us congress create the federal reserve system in 1913?\no to establish a central bank where…

why did the us congress create the federal reserve system in 1913?\no to establish a central bank where american citizens could deposit their money\no to establish a central bank to store the money used by the federal government\no to establish a central bank that would help smaller banks survive during economic crises\no to establish a central bank that would provide loans for people who were denied them at local banks

why did the us congress create the federal reserve system in 1913?\no to establish a central bank where american citizens could deposit their money\no to establish a central bank to store the money used by the federal government\no to establish a central bank that would help smaller banks survive during economic crises\no to establish a central bank that would provide loans for people who were denied them at local banks

Answer

Brief Explanations:

The Federal Reserve System was created in 1913 to act as a central - bank to help smaller banks during economic crises. It aimed to provide stability to the banking system and the overall economy. It was not mainly for American citizens to deposit money, storing federal government money, or providing loans to those denied at local banks.

Answer:

to establish a central bank that would help smaller banks survive during economic crises