Of the principal reasons for regulating banks,what was the primary purpose of the Federal Reserve Act of 1913?

Question

Quizplus · Accepted Answer

The primary purpose of the Federal Reserve Act of 1913 was to control the money supply, specifically by establishing a central banking system that could regulate the amount of currency in circulation and influence interest rates. While the Act also had other goals, such as creating a more stable banking system and preventing financial panics, its focus on monetary policy was the key reason for its passage.

Of the Principal Reasons for Regulating Banks,what Was the Primary