In the United States, monetary policy is the responsibility of the
A) U.S. Treasury.
B) Department of Commerce.
C) Board of Governors of the Federal Reserve System.
D) U.S. Congress.

Question

Quizplus · Accepted Answer

Monetary policy in the United States is the responsibility of the Federal Reserve System, specifically the Board of Governors. The U.S. Treasury is responsible for fiscal policy, while the Department of Commerce focuses on promoting economic growth and trade. The U.S. Congress sets certain policy goals for the Federal Reserve, but the implementation of monetary policy is carried out by the Federal Reserve System.

In the United States, Monetary Policy Is the Responsibility of the