Which of the following statements about the Federal Reserve Bank (the Fed) is most accurate?
A)The Fed is an agency of the U.S. Treasury Department that has the responsibility of collecting tax receipts for the IRS.
B)The Fed manages the U.S. money supply and interest rates.
C)The Fed is the primary government agency involved in carrying out our nation's fiscal policies.
D)The Fed is the agency of the government that ensures the U.S. maintains enough gold reserves to pay any foreign debts that result from

Question

Quizplus · Accepted Answer

The Federal Reserve Bank, also known as the Fed, is responsible for managing the U.S. money supply and interest rates. It is not an agency of the U.S. Treasury Department, it is not primarily involved in fiscal policies, and it does not ensure the U.S. maintains enough gold reserves to pay foreign debts.

Which of the Following Statements About the Federal Reserve Bank