Answered

The act that established the Federal Reserve System mandated that the Fed acts to promote which objective?

A. economic growth, zero inflation, and low long-term interest rates
B. economic growth, stable prices, and moderate long-term interest rates
C. stable prices and low short-term and long-term interest rates
D. zero inflation, moderate short-term interest rates, and low long-term interest rates



Answer :

GinnyAnswer

Final answer:

The Federal Reserve System aims to promote maximum employment, stable prices, and moderate long-term interest rates.


Explanation:

The act that established the Federal Reserve System mandated that the Fed acts to promote maximum employment, stable prices, and moderate long-term interest rates. These are the key objectives outlined in the Federal Reserve Act. The Fed's dual mandate focuses on achieving these goals to ensure economic stability.


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