The Federal Reserve System
A) has officers that are elected, like members of Congress.
B) controls the amount of currency in circulation.
C) is headquartered in San Francisco.
D) was recently declared unconstitutional by the Supreme Court.

Question

Quizplus · Accepted Answer

The Federal Reserve System, often referred to as the Fed, is responsible for controlling the amount of money in circulation, among other duties. This includes influencing interest rates, supervising and regulating banks, and providing financial services to depository institutions, the U.S. government, and foreign official institutions.