Which of the following was the most significant contribution of the Federal Reserve Act of 1913 to America's economic policy?

A) The act created more locally owned banks.

B) The act allowed banks to lend more money.

C) The act increased U. S. international banking.

D) The act decreased a bank's ability to lend money.

Question

Everett

12 May, 00:18

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Answers (1)

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Mario Weber · Answer 1

The correct answer is B. More money could be lent. This was because it could be insured. The banks could afford to loan more.