The main purpose of the federal reserve act of 1913 was to a. establish an alternative to commercial banks. b. regulate banks’ mortgage-lending policies. c. establish a distribution system for currency. d. oversee and regulate commercial banks.

The correct answer is alternative "D".

The main purpose of the Federal Reserve Act of 1913 was to oversee and regulate commercial banks.

The Federal Reserve Act of 1913 was a legislation created in the United States of America, that aimed to establish economic stability in the country, by introducing the Central Bank to oversee monetary policy.

Its goal was to provide a safer, more flexible and more stable monetary and financial system.

a variant spelling of the word dote (british)