Asked by Ronald Blair on May 07, 2024
Verified
In the United States,the _____ is responsible for formulating and implementing the nation's monetary policy.
A) Federal Reserve System
B) Department of the Treasury
C) Department of Commerce
D) Federal Executive Institute
Federal Reserve System
The Federal Reserve System is the central banking system of the United States, responsible for monetary policy, regulation of financial institutions, and provision of financial services.
Monetary Policy
Government actions to increase or decrease the money supply and change banking requirements and interest rates to influence bankers’ willingness to make loans.
United States
A country located in North America, known for its strong economy, diverse population, and democratic government.
- Understand the roles and influence of the Federal Reserve System within the United States economy.
Verified Answer
TJ
tatenda juliana tarumeMay 14, 2024
Final Answer :
A
Explanation :
The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central banking system of the United States. It is responsible for formulating and implementing the nation's monetary policy, including setting interest rates, regulating banks, and ensuring the stability of the financial system.
Learning Objectives
- Understand the roles and influence of the Federal Reserve System within the United States economy.