ECONOMICS
FEDERAL RESERVE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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coin institute
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US mint
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Fed Reserve BAnk
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secretary of states office
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Detailed explanation-1: -The Mint is the nation’s sole manufacturer of legal tender coinage and is responsible for producing circulating coinage for the nation to conduct its trade and commerce.
Detailed explanation-2: -The United States Mint (Mint) enables America’s economic growth and stability by protecting assets entrusted to us and manufacturing coins and medals to facilitate national commerce.
Detailed explanation-3: -U.S currency is produced by the Bureau of Engraving and Printing and U.S. coins are produced by the U.S. Mint. Both organizations are bureaus of the U.S. Department of the Treasury.
Detailed explanation-4: -The Coinage Act of 1792 (also known as the Mint Act) established the United States Mint to oversee the production of coins minted using gold, silver, or copper. The Coinage Act of 1834 increased the silver-to-gold ratio to approximately 16:1.
Detailed explanation-5: -As a part of the U.S. Department of Treasury, the United States Mint derives its authority from the United States Congress. Congress authorizes every coin and most medals that the U.S. Mint manufactures and oversees the Mint’s operations under its Public Enterprise Fund (PEF).