25
RCMultiple Choice

Cumulative Exam — Cumulative exam

Question 25 • FL-2106010-M/J Civics B

The need to regulate the US money supply was the idea behind the formation of the __________.

Answer
A
Second Bank of the United States
B
Federal Reserve System
C
National Credit Union Administration
D
Federal Deposit Insurance Corporation

Explanation

The Federal Reserve System was created to help regulate the nation’s money supply and provide a more stable banking system. The Second Bank of the United States was an earlier central bank, while the NCUA and FDIC were established to oversee or insure deposits at financial institutions.

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