What did the federal reserve act create? a. it enforced conservation of land and created monuments. b. it supported 10 national banks in the nation without a central banking system. c. it created a centralized banking system for our nation.. it created a federal income tax. d. it prohibited child labor.

I think the correct answer among the choices listed above is option C. The Federal Reserve Act created a centralized banking system for the United States. It is promotes safer, faster and reliable financial system to the nation. Hope this answers the question.

In financial aspects, a depression is a sustained, long haul downturn in monetary movement in one or more economies. it is a more extreme monetary downturn than a recession, which is a slowdown in financial action through the span of a typical business cycle. a depression is an irregular and extreme type of recession. so depression is always followed by recession but it is not correct to state that a depression always follow a recession.