Question

Why was the Federal Reserve created?

O
A. To allow states to control the types of currency they use
OB. To help stabilize the U.S. banking system
O C. To manage the fiscal policy of the United States
OD.To eliminate the need for smaller state banks

Answer 1

Step-by-step explanation:

B: to help stabilize the U.S. banking system.

Answer 2

It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law.