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

The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. ch. 3) is an Act of Congress that created and established the Federal Reserve System, the central banking system of the United States, and which created the authority to issue Federal Reserve Notes (now commonly known as the U.S. Dollar) http://www.federalreservehistory.org/Events/DetailView/10

Answer 2

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Answer 3

yup :)

Answer 4

Nice Job :)