The reason the original Federal Reserve Act created 12 Reserve Banks and provided for the election of directors was to

Question

Quizplus · Accepted Answer

The creation of 12 Reserve Banks and the election of directors was intended to decentralize policy making authority, promoting regional representation and decision-making. This design was meant to avoid a concentration of power in a central financial authority, which could potentially be harmful for the stability of the financial system.

The Reason the Original Federal Reserve Act Created 12 Reserve