What was the purpose of the Federal Reserve Act?

to monitor business practices that could lead to monopolies

to establish a graduated income tax

to create a central authority to supervise banks

to protect consumers from false advertising

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Nia Valenzuela

5 October, 18:42

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Jude Kidd · Answer 1

to create a central authority to supervise banks

What was the purpose of the Federal Reserve Act?to monitor business practices that could lead to monopoliesto establish a graduated income taxto create a central authority to supervise banksto protect consumers from false advertising