Register
What is the main goal of the federal reserve banking system
108k views
18 votes
What is the main goal of the federal reserve banking system

User Brian Ferris
by
4.7k points

2 Answers

3 votes

Answer: To help and protect the consumer

Step-by-step explanation:

User Synic
by
4.4k points
8 votes
The Federal Reserve is the central bank of the United States of America, established in 1913 to oversee banking operations in the United States. The bank was formed with the passage of the Federal Reserve in 1913 in response to a series of financial crises that highlighted the need for central control of the monetary system.
It is made up of 12 central banks as sponsors of the Federal Reserve and is considered private and independent by US law, but some government decisions interfere with their activities.
User Ritesh Karwa
by
4.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.1m questions

6.7m answers

Other Questions

Great Britain is an example of a: O A. Dictatorship O B. Republic with unitary system O C. Constitution monarchy with parliamentary system D. Oligarchy with federalist system​
Is there a correlation between the size of an empire and the amount of power it holds in the world?
What was the effect of the rise of the mass media during the 1920s? A) It led to increased membership in labor unions. B) It contributed to the development of a national culture. C) It caused mass migration
Thomas Edison Is considered one of the greatest investors because he was responsible for
Name African Amer 1. What was the Middle Passage in the Slave Trade?
Link Copied!