In the United States, the ________ has the official responsibility for foreign exchange intervention.

Question

Quizplus · Accepted Answer

The Treasury Department has the official responsibility for foreign exchange intervention in the United States, as outlined in the Exchange Stabilization Fund (ESF) Act of 1934. The ESF is a government fund managed by the Treasury Department and serves as the primary tool for intervention in foreign exchange markets. Other agencies such as the State Department, International Trade Commission, and Department of Commerce may play a role in international economic affairs, but they do not have official responsibility for foreign exchange intervention.

In the United States, the ________ Has the Official Responsibility