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What did the Federal Reserve Act create?
OA. It enforced conservation of land and created monuments.
O B.
It supported 10 national banks in the nation without a central banking system.
It created a centralized banking system for our nation.
O D.
It created a federal income tax.
O E.
It prohibited child labor.



Answer :

GinnyAnswer
The correct answer is:

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

The Federal Reserve Act, passed in 1913, established the Federal Reserve System, which serves as the central bank of the United States. The Federal Reserve System was created to provide the country with a more stable and flexible monetary and financial system by regulating the money supply, supervising banks, and acting as a lender of last resort during financial crises. It plays a crucial role in influencing the country's economic policy and promoting economic stability.

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