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3 years ago

When Congress established the Federal Reserve in 1913, its main responsibility was

Social Studies

1 answer:

yarga [219]3 years ago

5 0

Answer:

Option D.

Explanation:

To make discount loans to banks suffering from large withdrawals by depositors, is the right answer.

Passed by the U.S. Congress and signed into law by Woodrow Wilson, the then U.S. President, the Federal Reserve Act was an act that founded the Federal Reserve System of the United States. This system was comprised of twelve regional Federal Reserve Banks, which were responsible for controlling the money supply, offering loans and overlooking the banks and to serve as the lender of ultimate possibility. The main job of this reserve was to provide discount loans to banks undergoing massive withdrawals by depositors. Thus Option D will be the right answer.

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1 year ago

Why do we allow radical groups to operate freely in America?

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3 years ago

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Step2247 [10]

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3 years ago

What’s the term for the application of cultural knowledge to the task of living in an environment

finlep [7]

Answer:

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Technology means the application that is used in our knowledge for everyone life on day to day basis so that the person could live in an environment.

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Therefore in the given case, the technology is the answer and the same is to be considered

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3 years ago

When Congress established the Federal Reserve in​ 1913, its main responsibility was

When Congress established the Federal Reserve in 1913, its main responsibility was