Question

Why was the federal reserve system created in 1913? (select all that apply.) responses to help regulate the value of our money to help regulate the value of our money to monitor and control the money supply for the entire nation to monitor and control the money supply for the entire nation to ensure the safety and soundness of the banking industry to ensure the safety and soundness of the banking industry to provide regulations for banks to follow to provide regulations for banks to follow

Answer 1

The Federal Reserve System was created in 1913 to regulate and stabilize the nation's banking system.

Step-by-step explanation:

The Federal Reserve System was created in 1913 to provide greater regulation and stability to the nation's banking system. It was established to address issues such as bank failures, loss of depositors' money, and panicked selling on Wall Street.

The Federal Reserve Act of 1913 created the Federal Reserve and twelve district banks to monitor and control the money supply for the entire nation, ensure the safety and soundness of the banking industry, and provide regulations for banks to follow.