Question

What did the Federal Reserve Act create?
It enforced conservation of land and created monuments.
It supported 10 national banks in the nation without a central banking system.
It created a centralized banking system for our nation.
It created a federal income tax.
It prohibited child labor.

Answer 1

@itsbribro

Answer 2

@Catlover5925

Answer 3

The Federal Reserve Act is an Act of Congress that created and established the Federal Reserve System, the central banking system of the United States of America, and granted it the legal authority to issue Federal Reserve Notes and Federal Reserve Bank Notes as legal tender.