Question 37 Which of the following needs provided a common rationale for founding the Federal Reserve System? Not yet answered Points out of 1.0 Select one: Flag question O O b. The need for an 'elastic currency" allowing the money supply to expand and O C. The need to prevent the creation of too much currency and credit by replacing all d.A1 of the above a. The need to establish a "lender of last resort' to prevent banks from insolvency by lending funds as needed ancial contract to meet borrowing demand bank notes with a federal bank note ial