Which of the following serves as the central bank for the United States?
A) the Federal Reserve System
B) the Treasury Department
C) the Federal Deposit Insurance Corporation
D) the Congress

Question

Quizplus · Accepted Answer

The Federal Reserve System serves as the central bank for the United States, controlling monetary policy and supervising banks. The Treasury Department is responsible for managing government finances, but does not serve the role of a central bank. The Federal Deposit Insurance Corporation insures deposits in banks, but does not control monetary policy. Congress has some oversight over the Federal Reserve, but does not serve as the central bank itself.

Which of the Following Serves as the Central Bank for the United