In the United States, the central bank is the__________.

Question

Quizplus · Accepted Answer

The Federal Reserve System is the central bank of the United States, and it is responsible for regulating the country's monetary policy and overseeing the banking system. The Federal Reserve System is composed of 12 regional banks, including the Federal Reserve Bank of New York and the Federal Reserve Bank of Washington D.C., but the system as a whole serves as the central bank of the United States. Bank of America is a commercial bank and not the central bank of the United States.

In the United States, the Central Bank Is The__________