Question

PLEASE HURRY AND HELP ME!!!!!!!!!!!!! I HAVE LITTLE TIME

The main purpose of the Federal Reserve Act of 1913 was to

Establish an alternative to commercial banks.

Regulate banks mortgage lending policies.

Establish a distribution system for currency.

Oversee and regulate commercial banks.

Answer 1

D: oversee and regulate commercial banks

Step-by-step explanation:

edg2021

Passed by US Congress to help with the national banking system.

Answer 2

I believe it is to Oversee and regulate Commercial Banks

Step-by-step explanation:

It established a Central Bank to oversee monetary policy.