Which of the following is responsible for controlling the money supply in the United States?
A) U.S. Congress
B) Board of Governors of the Federal Reserve System
C) U.S. Treasury
D) Council of Economic Advisors

Question

Quizplus · Accepted Answer

The Board of Governors of the Federal Reserve System is responsible for controlling the money supply in the United States. The Federal Reserve System is the central bank of the United States and is authorized by Congress to conduct monetary policy, which includes controlling the money supply through various tools such as setting interest rates and regulating banks. The U.S. Congress, U.S. Treasury, and Council of Economic Advisors do not have direct control over the money supply.

Which of the Following Is Responsible for Controlling the Money