In the U.S., the ability to create and destroy money is held:

Question

Quizplus · Accepted Answer

The ability to create and destroy money is not solely held by Congress, the U.S. Treasury, or only by commercial banks that belong to the Federal Reserve System. It is a broader power that includes commercial banks and other financial depository institutions through the process of making loans and accepting deposits, which effectively increases or decreases the money supply.

In the US, the Ability to Create and Destroy Money Is Held