The power to create money is given by the Constitution to

Name: The power to create money is given by the Constitution to
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Question

The power to create money is given by the Constitution to​

Quizplus · Accepted Answer

The power to create money is given to Congress by the Constitution in Article 1, Section 8, which grants Congress the power "to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures." While the Federal Reserve and commercial banks play roles in the monetary system, they do not have the constitutional authority to create money.

The Power to Create Money Is Given by the Constitution