SAT® Subject Test in U.S. History

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The Federal Reserve System

SATUSH-GCFGAX

What was the central goal in the 1913 creation of The Federal Reserve System?

A

To easily distribute needed credit to the nation's most economically depressed regions, namely the South and West.

B

To unify the currency among the national banks within the system and eliminate state currencies.

C

To supervise and regulate banks and other important financial institutions to ensure the safety and soundness of the nation's banking and financial system

D

To create a national banking system with standardized rules and procedures for borrowing and lending money.

E

To supervise and regulate the borrowing practices of Wall Street institutions engaged in stock speculation.