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The Federal Reserve Act created a new type of paper currency. helped to reduce loans to private banks. was designed to push troubled banks out of business. was regulated by a board whose members were elected by Congress. created sixteen regional banks.

The Federal Reserve Act

created a new type of paper currency.

helped to reduce loans to private banks.

was designed to push troubled banks out of business.

was regulated by a board whose members were elected by Congress.

created sixteen regional banks.

 
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