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Why did U.S. leaders decide to create the Federal Reserve? A. Economic panics showed that the banking system was not stable. B. The United States needed to have a single type of currency. C. Small banks
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Why did U.S. leaders decide to create the Federal Reserve?

A. Economic panics showed that the banking system was not stable.
B. The United States needed to have a single type of currency.
C. Small banks requested additional government oversight.
D. State banks needed the power to create their own currencies.​

User Chronio
by
8.4k points

2 Answers

6 votes

Answer:A

Explanation:

I did the test

User Rongyan Xia
by
8.8k points
5 votes

Answer:

A

Explanation:

A central bank was needed to oversee monetary policy

User Rodrigo Caballero
by
8.4k points
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