Question

What was the purpose of the federal reserve act apex answer.com?

Answer 1

I believe the answer is to monitor business practices that could lead to monopolies

Answer 2

The intention is to control the stream of cash and credit in the nation. The 1913 Federal Reserve Act was a U.S. enactment that made the present Federal Reserve System. The Federal Reserve Act proposed to build up a type of financial steadiness in the United States through the presentation of the Central Bank, which would be responsible for fiscal approach.