The quantity of money in circulation is governed by
A)individual consumers.
B)the central bank.
C)provincial governments.
D)chartered banks.
E)the federal government.

Question

Quizplus · Accepted Answer

The central bank, also known as the Federal Reserve in the United States, is responsible for managing the quantity of money in circulation through policies such as setting interest rates and controlling the supply of money. Individual consumers, provincial governments, chartered banks, and the federal government all have some influence on the economy, but they do not have direct control over the amount of money in circulation.

The Quantity of Money in Circulation Is Governed by