The first central bank in the United States was the First Bank of the United States

The Federal Reserve System was established in $1913$

A$.$ to keep the stock markets from crashing.

B$.$ to ensure banking services for the Treasury.

C$.$ because of distrust of moneyed interests and centralized power.

D$.$ because the public became convinced a central bank was needed to avoid bank panics.

The Federal Reserve System was established in $1913$

A$.$ to keep the stock markets from crashing.

B$.$ to ensure banking services for the Treasury.

C$.$ because of distrust of moneyed interests and centralized power.

D$.$ because the public became convinced a central bank was needed to avoid bank panics.