What is the purpose of the Federal Reserve System?

to redistribute wealth equitably
to establish and enforce tax laws
to ensure the stability of the economic system
to provide aid and welfare assistance to needy citizens

One of the purposes of the Federal Reserve System is to ensure the stability of the economic system.

Explanation:

Federal reserve system is often termed as Federal reserve or FED is the central bank of the united states. It was formulated with a purpose to provide the nation with a safer, flexible and more stable monetary and financial system. Woodrow Wilson signed the Federal reserve act.

The four main purpose of the federal reserve is to maintain the nation' monetary policy by potentially increasing the credit conditions in the economy and achieving stable prices. Supervising the banking institutions and safeguarding the credit rights of the consumers. Containing the financial risk that arises in the market and maintaining stability and overseeing the nation' payments systems.

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