The Federal Reserve System, established in 1913, has sought for much of its history to do which of the following?
(A) Stabilize the nation's money supply by expanding or restricting credit as needed.
(B) Assist consumers by forcing bankers to establish nationally uniform interest rates on loans.
(C) Promote confidence in the dollar by linking the value of currency in circulation directly to United States silver reserves.
(D) Encourage public support for increased government spending to stimulate economic growth.
(E) Lower taxes on financial transactions completed by national banks on behalf of consumers.
Answer: (A) Stabilize the nation's money supply by expanding or restricting credit as needed.
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