Question

What did Woodrow Wilson do that fundamentally changed the nation's banking system that is still utilized today?

O A. He created the Federal Reserve System, which allowed the government to control the flow of money in the country.
O B. He replaced the usage of greenbacks with payments of gold and silver coins.
OC. He closed down all smaller state banks and reinstated the Bank of the United States that had been destroyed by Andrew Jackson.
o
D. He allowed J.P. Morgan to run the nation's banking system through his own personal bank.

Answer 1

A. He created the Federal Reserve System, which allowed the government to control the flow of money in the country.

Step-by-step explanation:

The federal Reserve enable the central government to print /create the money that circulated in the country. This ability give the power to the central government to control the rate of inflation/deflation the country.

For example, If the country is experiencing inflation, the central government could reduce the amount of printed money. By doing this, the value of money circulated in the country will gradually increase and the rate of inflation be reduced.