Question

13. What was the purpose of the Federal Reserve System?

A. to regulate banks and create a more elastic currency
B. to keep better track of government income and expenditure
C. to meet the demands of Populists and Progressives for bimetallism
D. to reassure bondholders that America would remain on the gold
standard

Answer 1

A. To regulate banks and create a more elastic currency

Step-by-step explanation: