Only Federal Reserve banks can issue paper currency in the United States,and their power to do so is virtually unlimited.

Name: Only Federal Reserve banks can issue paper currency in the United States,and their power to do so is virtually unlimited.
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Question

Quizplus · Accepted Answer

The Federal Reserve banks have the authority to issue paper currency in the United States, and there is no limit to the amount of currency they can issue. However, they do so in accordance with monetary policy and economic conditions.

Only Federal Reserve Banks Can Issue Paper Currency in the United