USA HISTORY

Detailed explanation-1: -The Treasury manages all of the money coming into the government and paid out by it. The Federal Reserve’s primary responsibility is to keep the economy stable by managing the supply of money in circulation. The Department of the Treasury manages federal spending.

Detailed explanation-2: -A treasury is either. A government department related to finance and taxation, a finance ministry. A place or location where treasure, such as currency or precious items are kept. These can be state or royal property, church treasure or in private ownership.

Detailed explanation-3: -The Department of the Treasury operates and maintains systems that are critical to the nation’s financial infrastructure, such as the production of coin and currency, the disbursement of payments to the American public, revenue collection, and the borrowing of funds necessary to run the federal government.

Detailed explanation-4: -Treasury bills are money market instruments issued by the Government of India as a promissory note with guaranteed repayment at a later date. Funds collected through such tools are typically used to meet short term requirements of the government, hence, to reduce the overall fiscal deficit of a country.