ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The Bureau of Engraving and Printing produces United States currency notes, operates as the nation’s central bank, and serves to ensure that adequate amounts of currency and coin are in circulation.

Detailed explanation-2: -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-3: -Since 1862, BEP been entrusted with the mission of manufacturing the nation’s currency. All U.S. currency is printed at our facility in Washington, D.C. and at our facility in Fort Worth, Texas.

Detailed explanation-4: -The Fed creates money by purchasing securities on the open market and adding the corresponding funds to the bank reserves of commercial banks. The Fed uses the federal funds rate to affect other interest rates and adjust the money supply.