Question

What was the main goal of establishing a central banking authority?

a. to stabilize the national economy
b. to weaken the power of smaller states
c. to grant the federal government more power
d. to get the national currency off of the gold standard

Answer 1

The main goal of establishing a central banking authority in the United States was "a. to stabilize the national economy", since before its creation each state had different currency valuations, which made it impossible to pay back debt.