Bank notes are issued by:
A) the leading financial institutions of the United States.
B) investment houses and banks.
C) the Federal Reserve only.
D) private banks and the Federal Reserve.

Question

Quizplus · Accepted Answer

Bank notes are issued by the Federal Reserve only, which is the central bank of the United States. Private banks are responsible for deposit creation through loans, but only the Federal Reserve has the authority to issue physical currency in the form of bank notes.

Bank Notes Are Issued By