Ask Question
Social StudiesSocial Studies
4 March, 08:19

Congress created the Federal Reserve System

A. to provide a source of mortgage loans to the residential housing market.

B. to serve as a lender of last resort.

C. to process the receipt of taxes received by the Internal Revenue Service.

D. to regulate the value of the U. S. dollar against foreign currencies.

+1
Answers (1)
  1. 4 March, 08:25
    0
    The correct answer to the following question will be Option B.

    Explanation:

    FRS (Federal Reserve System) seems to be the United States banking system (central). The US socioeconomic as well as the financial framework is governed by the Fed because it is officially called.

    The FRS acts in five particular roles:

    Make a monetary policy for the country. To provide United states government with services of banking and finance. Holding the financial sector intact. Surveillance. Attempting to protect customer's credit privileges.

    The other three options are not related to the given scenario. So, Option B is the right answer.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Congress created the Federal Reserve System A. to provide a source of mortgage loans to the residential housing market. B. to serve as a ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Alpha can produce 40 units of coffee or 8 units of cashew nuts. Beta can produce 6 units of coffee or 6 units of nuts.
Answers (2)
After Cadmus left the Oracle of Delphi, he followed the cow, and where the cow stopped, he began to build Thebes. Before he could begin, he faced a challenge. What challenge did Cadmus face? A. He had to find his sister Europa. B.
Answers (1)
Which statement BEST describes the role of emotions in political issues and/or elections?
Answers (1)
Why does the Sun appear to rise in the east and set in the west each day?
Answers (2)
The more management levels through which a message passes
Answers (1)
New Questions in Social Studies
The Right to Life Party is an example of what type of minor political party? A. economic protest parties B. ideological parties C. splinter parties D. single-issue parties
Answers (1)
William penn's frame of government gave its citizens important rights
Answers (1)
On which river was Rome located?
Answers (1)
How did the buffalo influence the life of native americans on the great plains?
Answers (1)
A temporary gathering of people who are in close enough proximity to interact. Crowd Panic Public Moral Panic Mass Hysteria Mob Fad
Answers (2)
Home » Social Studies » Congress created the Federal Reserve System A. to provide a source of mortgage loans to the residential housing market. B. to serve as a lender of last resort. C. to process the receipt of taxes received by the Internal Revenue Service. D.
Sign Up Forgot Password?