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26 June, 06:44

What did the Federal Reserve Act create?

A. It enforced conservation of land and created monuments.

B. It supported 10 national banks in the nation without a central banking system.

C. It created a centralized banking system for our nation.

D. It created a federal income tax.

E. It prohibited child labor.

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Answers (1)
  1. 26 June, 06:50
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    The Federal Reserve Act of 1913 created the current Federal Reserve System which introduced centralized banks. Therefore, the answer is C) It created a centralized banking system for our nation
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