The Fed was created
A)after financial panics in the late 1800s and early 1900s.
B)after the stock market crash of 1929.
C)to help finance government expenditures during World War II.
D)to help channel funds to the residential mortgage market.

Question

Quizplus · Accepted Answer

The Fed was created after financial panics in the late 1800s and early 1900s, such as the Panic of 1907, which highlighted the need for a more stable banking and monetary system.

The Fed Was Created