Which of the following is primarily responsible for controlling the money supply in the United States?
A) The U.S. Congress.
B) The Board of Governors of the Federal Reserve System.
C) The U.S. Treasury.
D) The Council of Economic Advisors.

Question

Quizplus · Accepted Answer

The Board of Governors of the Federal Reserve System is primarily responsible for controlling the money supply in the United States. This is done through various tools such as adjusting interest rates and the reserve requirement for banks. Congress and the Treasury can influence the money supply through policy decisions, but ultimately the Federal Reserve has the most direct control. The Council of Economic Advisors is an advisory group to the President and does not have direct control over the money supply.

Which of the Following Is Primarily Responsible for Controlling the Money