Which Act created the Federal Reserve System?
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Correct answer: Federal Reserve Act
The Federal Reserve Act of 1913 established the Federal Reserve System. It reformed the U.S. banking system after repeated financial crises.
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More Federal Reserve Act of 1913 questions
- What is the primary goal of the Federal Reserve regarding inflation?
- Which of the following describes the discount rate?
- Why was a decentralized system of regional banks included in the Federal Reserve Act?
- What was the primary purpose of the Federal Reserve Act of 1913?
- Which president signed the Federal Reserve Act into law?
- What problem was the Federal Reserve Act designed to address?