What did the Federal Reserve Act create?
Answers
HØŁA
The Federal Reserve Act is an Act of Congress that created the Federal Reserve System, and which created the authority to issue Federal Reserve Notes as legal tender. The Act was signed into law by President Woodrow Wilson.
The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law.
Its aim was to provide the nation with a safer, more flexible, and more stable monetary and financial system.
The responsibilities of the Federal Reserve include influencing the supply of money and credit; regulating and supervising financial institutions; serving as a banking and fiscal agent for the United States government; and supplying payments services to the public through depository institutions like banks, credit .
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GØØĐ ĐAY !
The federal reserve act was an act of the congress