Which is NOT a reason why the Federal Reserve was created in 1913?

A. To provide emergency cash reserves for banks
B. To create a payment system to be exchanged throughout the country
C. To make loans to large corporations
D. To prevent bank failures

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24-06-2024
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Which is NOT a reason why the Federal Reserve was created in 1913?

A. To provide emergency cash reserves for banks
B. To create a payment system to be exchanged throughout the country
C. To make loans to large corporations
D. To prevent bank failures

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-06-24T22:57:45-04:00

Final answer:

The Federal Reserve was created for specific purposes except making loans to large corporations.

Explanation:

The reason why the Federal Reserve was created in 1913 was not to make loans to large corporations. The Federal Reserve was established to provide emergency cash reserves for banks, create a payment system for nationwide exchange, and prevent bank failures.

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