ECONOMICS
MONETARY POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Fed
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The Treasury Department
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The US Mint
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The House of Representatives
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Detailed explanation-1: -The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.
Detailed explanation-2: -’Printing’ Money Instead, when the Federal Reserve wants to create money and put it into the system, it does so through banks. Banks hold several types of assets including treasury bonds. Treasury bonds are IOUs that the government issues in exchange for a loan.
Detailed explanation-3: -As the issuing authority of U.S. currency, the Federal Reserve Board is responsible for ensuring that there is enough cash in circulation to meet the public’s demand domestically and internationally.
Detailed explanation-4: -Crane and Co., a Massachusetts-based company, has been providing the U.S. Bureau of Engraving and Printing with paper for U.S. currency since 1879. Federal Reserve notes are a blend of 25 percent linen and 75 percent cotton.
Detailed explanation-5: -Key Takeaways The job of actually printing currency bills belongs to the Treasury Department’s Bureau of Engraving and Printing, but the Fed determines exactly how many new bills are printed each year.