Which organization is responsible for managing the nation's money supply?
A) The Federal Reserve Bank of New York
B) The United States Treasury
C) The Federal Open Market Committee
D) The American Association of Bankers

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is responsible for managing the nation's money supply. The FOMC is part of the Federal Reserve System which is the central bank of the United States. The Federal Reserve Bank of New York and the United States Treasury are both involved in the nation's monetary policy, but the ultimate responsibility lies with the FOMC. The American Association of Bankers is not a government organization and is not responsible for managing the nation's money supply.

Which Organization Is Responsible for Managing the Nation's Money Supply