Multiple choice general knowledge Which organization functions as the central bank of the USA? The Federal Bank of America The America Reserve System The Federal Reserve System None of these Reveal answer Fill a bubble to check yourself C Correct answer Explanation The Federal Reserve System serves as the central bank of the United States, created by the Federal Reserve Act in 1913 to provide a stable monetary and financial system - it's not a 'bank' but a system of regional banks and a central board.