Multiple choice

The United States Federal Reserve System was established to

  1. provide loans to industrialists

  2. end the Great Depression

  3. provide for a balanced budget

  4. regulate the money supply
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Federal Reserve Act of 1913 was passed to provide the nation with a safer, more flexible, and more stable monetary and financial system by regulating the money supply and interest rates.

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