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Congress Passed the Federal Reserve Act in 1913 to

Question 72

Multiple Choice

Congress passed the Federal Reserve Act in 1913 to


A) adjust the money supply to the needs of agriculture, commerce, and industry.
B) encourage the production of domestic and offshore oil reserves.
C) wean the United States off the gold standard.
D) ensure that the federal budget was balanced.
E) create a six-month supply of currency backed by gold bullion and stored at Fort Knox.

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