When the Federal Reserve was created,its most important role was intended to be
A) a storage facility for the nation's gold.
B) a lender of last resort.
C) a regulator of bank holding companies.
D) none of the above.

Question

Quizplus · Accepted Answer

The Federal Reserve was created as a lender of last resort in times of financial crisis, providing liquidity to banks and promoting stability in the banking system. While it does regulate bank holding companies, this was not its original intended role, and it does not serve as a storage facility for the nation's gold.

When the Federal Reserve Was Created,its Most Important Role Was