ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which government agency is responsible for creating and tracking all of the money in the United States?
A
Employer
B
Internal Revenue Service
C
Federal Reserve
D
Federal Commissions Agency
Explanation: 

Detailed explanation-1: -The Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States.

Detailed explanation-2: -The U.S. central banking system-the Federal Reserve, or the Fed-is the most powerful economic institution in the United States, perhaps the world. Its core responsibilities include setting interest rates, managing the money supply, and regulating financial markets.

Detailed explanation-3: -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-4: -The Federal Reserve, like many other central banks, is an independent government agency but also one that is ultimately accountable to the public and the Congress.

Detailed explanation-5: -The Federal Reserve System, often referred to as the Federal Reserve or simply “the Fed, ” is the central bank of the United States.

There is 1 question to complete.